Multiple Choice
In the United States,over time GDP
A) stays relatively constant with occasional increases.
B) increases most of the time and decreases occasionally.
C) increases and decreases roughly about the same amount.
D) decreases more often than it increases.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: GDP is defined as<br>A) gross demanded prices.<br>B)
Q2: The circular flow model shows that GDP
Q3: In the United States over the past
Q4: At full employment,<br>A) real GDP equals potential
Q6: The difference between nominal GDP and real
Q7: A significant decline in activity spread across
Q8: Comparing the unemployment rate and the business
Q9: In the expenditure approach to measuring GDP,the
Q10: The labor force is defined as<br>A) all
Q11: The accumulated loss of output that results