Imports are not included in GDP because they do not reflect ...

[jazziefee]

Imports are not included in GDP because they do not reflect output produced within the domestic economy.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If demand increases and supply decreases, then equilibrium price must decrease, but equilibrium quantity is indeterminate.
 a. True
  b. False
  Indicate whether the statement is true or false

[duy1981999]

Answer to Question 1

True

Answer to Question 2

False

[jazziefee]

Excellent

[triiciiaa]

Thanks for the timely response, appreciate it