Solved

The Government Reports That "GDP Increased by 1

Question 69

Multiple Choice

The government reports that "GDP increased by 1.6 percent in the last quarter." What does this statement mean?


A) GDP increased by 6.4 percent for the year.
B) GDP increased at an annual rate of 6.4 percent during the last quarter.
C) GDP increased at an annual rate of 1.6 percent during the last quarter.
D) GDP increased at an annual rate of 0.4 percent during the last quarter.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q60: In Canada, GDP is reported each quarter.

Q64: Table 5-1
Table 5-1 </p></div><svg width=

Q65: Table 5-1
Table 5-1 </p></div><svg width=

Q67: Table 5-2
Table 5-2 </p></div><svg width=

Q68: In the nation of Ophelia, quarterly GDP

Q70: Which of the following best defines disposable

Q71: What does personal income include and exclude?
A)

Q73: Table 5-1
Table 5-1 </p></div><svg width=

Q74: Table 5-1
Table 5-1 </p></div><svg width=

Q79: In computing GDP, what is investment?
A) spending

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents