Multiple Choice
The total sales of all firms in the economy for a year
A) equals GDP for the year.
B) is larger than GDP for the year.
C) is smaller than GDP for the year.
D) Any of the above is possible.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q27: The inflation rate is the<br>A)absolute change in
Q30: Changes in nominal GDP reflect<br>A)only changes in
Q31: Which of the following correctly orders U.S.income
Q43: When an American household purchases a bottle
Q78: Which of the following items is included
Q85: Table 23-5<br>The table below contains data for
Q87: Which of the following events would cause
Q90: Which of the following is correct?<br>A) Nominal
Q91: The GDP deflator can be used to
Q99: The consumption component of GDP includes spending