Which of the following statements is NOT true about economic indicators?
A) Government spending accounts for about 50 percent of the GDP.
B) When measuring GDP, it is important to put all prices on the same scale.
C) The unemployment rate can be misleading because people who have given up looking for work are not included.
D) A growth rate of 3 percent of personal disposable income is considered healthy.
E) The number of homes and motor vehicle sales are good indicators of consumer demand.
Correct Answer:
Verified
Q5: The heart of Keynesianism is that the
Q6: The basic principles that regulate the economic
Q7: Inflation is problematic because it _.
A) forces
Q8: The cost of borrowing money calculated as
Q9: John Maynard Keynes was an advocate of
Q11: The total market value of all goods
Q12: The laws of supply and demand state
Q13: After the Great Depression of the 1930s,government
Q14: A sharp reduction in a nation's GDP
Q15: _ had the largest historical impact on
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