Author Question: Assume that inventories declined by more than analysts predicted. This implies that A) planned ... (Read 65 times)

Redwolflake15 · **on:** Jun 29, 2018

Assume that inventories declined by more than analysts predicted. This implies that

A) planned aggregate expenditure was less than real GDP.
B) planned aggregate expenditure is unrelated to real GDP.
C) planned aggregate expenditure was greater than real GDP.
D) planned aggregate expenditure was equal to real GDP.

Question 2

Gross national product is defined as

A) the value of final goods and services produced by residents of the United States even if the production takes place outside of the United States.
B) the value of final goods and services produced within the United States, by United States residents.
C) the value of final goods and services produced outside of the United States.
D) the value of final goods and services produced within the United States.