Total value added in a nation over the period of 1 year is equal to
A) the national debt.
B) the federal budget.
C) the budget deficit.
D) GDP.
E) the balance of trade.
Correct Answer:
Verified
Q138: GDP includes
A)intermediate but not final products.
B)substitute but
Q139: If nominal GDP in 2012 exceeds nominal
Q140: If GDP increases,then real GDP
A)may have either
Q141: Assume that from 2007 to 2009 the
Q142: The growth of GDP may understate the
Q144: GDP will grow faster than real GDP
Q145: GDP measures
A)the market value of intermediate products
Q146: Real GDP is the
A)amount of goods and
Q147: Statement I: Both final and intermediate goods
Q148: If GDP in 2008 exceeds GDP in
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