True/False
If total spending rises from one year to the next, then the economy must be producing a larger output of goods and services.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q212: Table 23-7<br>A country produces only ice
Q213: Purchases by American tourists in other countries
Q214: A U.S.-owned automobile factory uses $50 million
Q215: In 2012 a country had a real
Q216: If real GDP doubles and the GDP
Q218: GDP is defined as the market value
Q219: The Carters' oldest son attends Big State
Q220: GDP can be measured in terms of
Q221: In a simple circular-flow diagram, total income
Q222: The goal of macroeconomics is to explain