Multiple Choice
Table 5-3
Consider the following table for the country of Ophir:
-Refer to the Table 5-3.What can we conclude about real GDP from this information?
A) Real GDP was higher in 2015 than in 2014,and real GDP in 2014 was higher than in 2013.
B) Real GDP was higher in 2015 than in 2013,and real GDP in 2014 was higher than in 2015.
C) Real GDP was higher in 2013 than in 2014,and real GDP in 2014 was higher than in 2015.
D) Real GDP was higher in 2013 than in 2014,and real GDP in 2015 was higher than in 2014.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Which of the following is included in
Q9: Macroeconomic statistics include the inflation rate, the
Q21: Which of the following is included in
Q35: A firm produces consumer goods and adds
Q56: Which of the following is the best
Q74: Which of the following is included in
Q86: How is GDP computed?<br>A) add up the
Q118: In 2014,how large were Canadian government purchases
Q119: Darla,a U.S.citizen,only works in Canada.How does the
Q156: A flour mill produces $1000 worth of