GDP is: a. the value of all final goods and services produced ...

[SGallaher96]

GDP is:
 a. the value of all final goods and services produced domestically within a given period of time.
 b. the value of all final good and services produced anywhere in the world by a nation's firms within a given period of time.
  c. the value of all final goods and services produced by a government within a given period of time.
 d. the sum of all currency and coins in circulation.

Question 2

The aggregate supply curve shows the negative relationship between general price level and real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

[Tonyam972]

Answer to Question 1

a

Answer to Question 2

False

[SGallaher96]

Thank you

[Tonyam972]

No problemo