Which of the following statements about U.S. production is ...

[DelorasTo]

Which of the following statements about U.S. production is correct?
 
  A. Construction accounts for a larger percentage of total production than does manufacturing.
  B. Real estate services account for 12.6 percent of the value of total pro-duction, larger than any other item of services or goods.
  C. Consumption goods and services represent 85 percent of U.S. produc-tion by value and that percentage doesn't fluctuate much.
  D. The manufacture of goods represents more than 50 percent of total production.

Question 2

Refer to Figure 13-4. In the figure above, AD1, LRAS1 and SRAS1 denote AD, LRAS and SRAS in year 1, while AD2, LRAS2 and SRAS2 denote AD, LRAS and SRAS in year 2.
 
  Given the economy is at point A in year 1, what is the actual growth rate in GDP in year 2?
  A) 2.5 B) 7.3 C) 8.0 D) 10.0

[snackralk]

Answer to Question 1

C Answer C is correct as the data on page 32 show.

Answer to Question 2

B

[DelorasTo]

Thank you

[snackralk]

Happy to help you