Refer to the information provided in Table 21.8 below to answer the question(s) that follow. Table 21.8
Refer to Table 21.8. The value for GNP in billions of dollars is
A. 990.
B. 1,050.
C. 1,080.
D. 1,200.
Answer: B
You might also like to view...
Explain the role played by technological change in classical growth theory, neoclassical growth theory, and new growth theory
What will be an ideal response?
Which of the following can tax cuts influence?
a. Aggregate demand b. Aggregate supply c. Investment spending d. All of the above
Assuming price elasticity of demand is reported as an absolute value, an elastic demand has an elasticity:
A. greater than one. B. greater than zero and less than one. C. exactly one. D. less than one.
Economic growth is usually defined as
A. the increase in output over time, as measured by real per capita Gross Domestic Product (GDP). B. the rate of increase in output divided by the increase in labor. C. the increase in input availability. D. the reduction in the real cost of necessities.