Author Question: Looking at inflation rates in the United States since the 1970s we see that A) inflation fell the ... (Read 165 times)

Deast7027 · **on:** Jun 29, 2018

Looking at inflation rates in the United States since the 1970s we see that

A) inflation fell the most during the 1970s productivity slowdown.
B) the highest inflation rates were the double digits during the 1990s.
C) the inflation rate increased with the increased growth of the 1990s.
D) the 1970s experienced the highest inflation rates.

Question 2

List the components of the expenditure approach to measuring GDP.

What will be an ideal response?

Brenm · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

The expenditure approach measures GDP by adding final expenditures, so the components are personal consumption expenditure, gross private investment, government expenditures on goods and services, and net exports.