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Author Question: Imports are not included in GDP because they do not reflect output produced within the domestic ... (Read 14 times)

jazziefee

  • Hero Member
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  • Posts: 505
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


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duy1981999

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

False


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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