True/False
If GDP increases from $10 trillion to $12 trillion in a year, it can only mean that aggregate output grew by 20%.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q20: A country's GNP:<br>A) must be larger than
Q39: Gross domestic product is defined as:<br>A) consumer
Q127: If we add up the consumer spending
Q131: Use the following to answer questions:<br>Table: Real
Q132: Use the following to answer questions :
Q135: Which of the following is included in
Q137: The GDP deflator is equal to:<br>A)nominal GDP
Q139: Use the following to answer questions:<br>Figure: Expanded
Q140: Households demand resources in the factor markets.
Q141: Approximately how many prices are used to