When GDP increases,national income ________ and national output __________.
A) is unaffected; is unaffected
B) increases; increases
C) decreases; decreases
D) increases; is unaffected
E) is unaffected; decreases
Correct Answer:
Verified
Q8: To determine living standards for the average
Q18: In macroeconomics
A) output and income are very
Q41: An economic downturn can lead to mainly
Q49: During healthy economic periods,cyclical unemployment
A) rises.
B) will
Q52: GDP is best defined as the total
Q55: One argument against unemployment insurance is that
Q57: The Internet has enabled workers and companies
Q58: Cyclical unemployment is
A) unemployment caused by time
Q60: Joe owns a crab shack.When he produces
Q135: The recession of 2007-2009 has been dubbed
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