Author Question: Imports are not included in GDP because they do not reflect output produced within the domestic ... (Read 75 times)

jazziefee · **on:** Jun 30, 2018

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