Multiple Choice
If Real GDP was $9,542 billion in year 2 and it had been $9,300 billion in year 1,what was the approximate economic growth rate during this time period?
A) 9.7 percent
B) 2.4 percent
C) 3.5 percent
D) 2.6 percent
Correct Answer:
Verified
Correct Answer:
Verified
Q12: If GDP in year 1 is the
Q13: Suppose that consumption spending is $3,200 billion,spending
Q14: Which of the following is a macroeconomic
Q15: Countries with a large GDP must also
Q16: Macroeconomists define consumption as<br>A) purchases by the
Q18: National income equals<br>A) wages + salaries +
Q19: Increases in import spending _,ceteris paribus.<br>A) raise
Q20: Government purchases consist of the total dollar
Q21: Which of the following statements is true?<br>A)
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit