Multiple Choice
In the United States,between 1961 and 2011,there has been
I.a consistent ,non-changing growth rate of potential GDP per person.
Ii.an increase in the standard of living based on real GDP per person.
Iii.fluctuations in real GDP per person around potential GDP per person.
A) ii only
B) i,ii and iii
C) i and ii only
D) ii and iii
E) i only
Correct Answer:

Verified
Correct Answer:
Verified
Q108: Which of the following is classified as
Q109: Are sales and purchases of used goods
Q110: In one year,a firm increases its production
Q111: If real GDP increases over time,the cost
Q112: A restaurant buys fish to offer as
Q115: In calculating GDP,economists<br>A)measure total expenditure as the
Q116: The abbreviation "GDP" stands for<br>A)Gross Domestic Product.<br>B)Gross
Q117: GDP handles household production by<br>A)estimating a dollar
Q118: Explain how the United Nations uses the
Q352: What is "underground production"? Is it included