
For the following question(s) , suppose that an economy produces only food and clothing, and that price and quantity data are given in the table below.
-Year 1 nominal GDP is
A) $200.
B) $270.
C) $310.
D) $390.
E) $450.
Correct Answer:
Verified
Q24: The components of investment expenditures include
A) investment
Q25: Suppose that the Ford truck plant in
Q26: GDP may inaccurately measure the value of
Q27: Even when measured accurately,GDP may be a
Q28: Investment spending is
A) a smaller share of
Q30: Government expenditures does not include
A) state and
Q31: Additions to inventory is
A) not counted as
Q32: For the following question(s), suppose that an
Q33: Government expenditures includes
A) federal defense spending.
B) consumer
Q34: The components of consumption expenditures include
A) nondurable
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