Solved

If the USGovernment Reports That GDP in the Third Quarter Was $12

Question 218

True/False

If the U.S.government reports that GDP in the third quarter was $12 trillion at an annual rate,then the amount of income and expenditure during quarter three was $3 trillion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: In a simple circular-flow diagram,firms use the

Q37: When studying changes in the economy over

Q40: A recession has traditionally been defined as

Q87: Al's Aluminum Company sells $1 million worth

Q213: James owns two houses.He rents one house

Q214: Statistics that are of particular interest to

Q215: The government of Wrexington,a country which has

Q217: In 2007,government purchases was the largest component

Q220: Suppose an economy produces only cheese and

Q221: Consider the following three items of spending