Multiple Choice
Which of the following is not a correct statement about the growth of real GDP in the U.S.economy?
A) Real GDP in 2009 was almost four times its 1965 level.
B) Growth was steady between 1965 and 2009.
C) Continued growth in real GDP enables the typical American to enjoy greater economic prosperity than his or her parents and grandparents did.
D) The output of goods and services produced grew on average about 3 percent per year between 1965 and 2009.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If in some year real GDP was
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Q5: If real GDP is 5,100 and nominal
Q6: Which of the following statements about GDP
Q8: If in some year nominal GDP was
Q9: Suppose an economy's production consists only of
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Q11: Which of the following is the correct
Q12: If in some year nominal GDP was