In the last year,the GDP of a small country has risen from $1 billion to $12 billion.From this we can safely say that
A) output of the economy has increased.
B) the economy is growing.
C) the country is richer since GDP has increased.
D) None of the choices are correct.
Correct Answer:
Verified
Q184: In 2009 our _ over $14 trillion.
A)GDP
Q185: When GDP is falling
A)prices are definitely falling.
B)output
Q186: Which of the following is a true
Q187: Which of the following would cause the
Q188: If GDP fell and the GDP deflator
Q190: If real GDP grew by 5 percent
Q191: Which component of GDP is most likely
Q192: When the GDP deflator rises,
A)GDP definitely rises.
B)GDP
Q193: If real GDP is decreasing,
A)GDP must be
Q194: Since 1969,our GDP in current dollars has
A)increased
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