Multiple Choice
An increase in real GDP from 2002 to 2006 necessarily indicates that
A) people are better off in 2002 than they were in 2006.
B) depreciation was lower in 2002 than it is in 2006.
C) prices increased between 2002 and 2006.
D) quantities of goods and services produced increased between 2002 and 2006.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: In the long run, a country's material
Q3: Disposable personal income is calculated as personal
Q4: Goods that are produced in a particular
Q5: Gross national product minus net factor earnings
Q6: Use the following to answer questions .<br>Exhibit:
Q8: The value of an economy's total output
Q9: Disposable personal income excludes transfer payments received
Q10: In GDP accounting, the value of the
Q11: Which of the following is the best
Q12: Which of the following statements about GNP