Multiple Choice
During the 2007-2009 recession,
A) real GO and real GDP fell by roughly the same amount.
B) real GDP fell by roughly twice the amount that real GO fell.
C) real GDP fell, while real GO remained unchanged.
D) real GO fell by roughly twice the amount that real GDP fell.
Correct Answer:
Verified
Correct Answer:
Verified
Q121: Suppose nominal GDP in year 1 was
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Q123: "Corporate profits" in the national income accounts
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Q125: Government purchases in national income accounts would
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Q128: The value added of a firm is
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Q130: Historically, real GDP has increased less rapidly
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