Multiple Choice
Which of the following is correct if real GDP is $20 trillion and spending is $20.5 trillion?
A) Inventories increase by 0.5 trillion.
B) Inventories decrease by 0.5 trillion.
C) GDP increases by 0.5 trillion.
D) GDP decreases by 0.5 trillion.
E) Spending and GDP are in equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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