Multiple Choice
Which of the following is correct if real GDP is $20.5 trillion and spending is $20 trillion?
A) Spending is greater than output by $0.5 trillion.
B) Spending is less than output by $0.5 trillion.
C) Spending is greater than output by $20.5 trillion.
D) Spending is less than output by $20.5 trillion.
E) Spending is equal to output.
Correct Answer:
Verified
Correct Answer:
Verified
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