The government of Wrexington,a country which has adopted American GDP accounting conventions,has calculated that the seasonally-adjusted market value of all final goods and services produced within Wrexington in quarter 1 was $5 billion.The government will report that GDP in quarter 1 was
A) $1.25 billion at an annual rate.
B) $4 billion at an annual rate.
C) $5 billion at an annual rate.
D) $20 billion at an annual rate.
Correct Answer:
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