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    Macroeconomics Australia Study Set 1
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    Exam 5: GDP: a Measure of Total Production and Income
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    Which of the Following Describes the Australian Economy at the End
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Which of the Following Describes the Australian Economy at the End

Question 1

Question 1

Multiple Choice

Which of the following describes the Australian economy at the end of 1990 and the middle of 1991?


A) Real GDP per person increased.
B) The economy was in a recession.
C) Real GDP reached a peak.
D) The economy was in an expansion.
E) None of the above answers is correct.

Correct Answer:

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