Consider the Following Data A)when Real GDP Is Less Than 3,600 B)when Real GDP
Question 23
Question 23
Multiple Choice
Consider the following data. Based on this data, over what range of real GDP (in millions of dollars) will businesses build up inventory? Real GDP (millions of dollars) 06001,2001,8002,4003,0003,6004,2004,800 Consumptio n (millions of dollars) 4008001,2001,6002,0002,4002,8003,2003,600 Investment (millions of dollars) 525525525525525525525525525 Government Expenditure (millions of dollars) 550550550550550550550550550 Net Exports (millions of dollars) −75−75−75−75−75−75−75−75−75
A) when real GDP is less than 3,600 B) when real GDP is less than 4,200 C) when real GDP is greater than 4,800 D) when real GDP is greater than 4,200
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge