
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 2 nominal GDP is
A) $200.
B) $270.
C) $310.
D) $390.
E) $450.
Correct Answer:
Verified
Q27: Even when measured accurately,GDP may be a
Q28: Investment spending is
A) a smaller share of
Q29: For the following question(s), suppose that an
Q30: Government expenditures does not include
A) state and
Q31: Additions to inventory is
A) not counted as
Q33: Government expenditures includes
A) federal defense spending.
B) consumer
Q34: The components of consumption expenditures include
A) nondurable
Q35: In recent years,which of the following has
Q36: To calculate value added,we need to subtract
A)
Q37: Recently,consumption has comprised approximately
A) 28% of GDP.
B)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents