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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 66
Circle the letter that corresponds to the best answer. Which statement is true?
A) Consumption as a percentage of GDP is higher today than it was in 1979.
B) Government purchases are about 30 percent of GDP.
C) Real GDP has risen faster than GDP since 1999.
D) Consumption is a little over half of GDP.
A) Consumption as a percentage of GDP is higher today than it was in 1979.
B) Government purchases are about 30 percent of GDP.
C) Real GDP has risen faster than GDP since 1999.
D) Consumption is a little over half of GDP.
Explanation
Verified
Verified
It is calculated as:
GDP (Y) = C + I + G...
Macroeconomics 11th Edition by Stephen Slavin
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Other Minimum 8 character and maximum 255 character
Character 255
