Author Question: GDP does not directly include: a. the value of final goods and services produced, but not sold, ... (Read 113 times)

cdr_15 · **on:** Jun 30, 2018

GDP does not directly include:
a. the value of final goods and services produced, but not sold, during a period.
b. the value of services rendered during a period.
c. the value of intermediate goods sold during a period.
d. any of the above.

Question 2

Suppose the long-run aggregate supply curve shifts to the right as a consequence of the discovery of more efficient production technologies. Given unchanged aggregate expenditure, this implies a rise in long-run equilibrium output and a decline in the equilibrium price level.
a. True
b. False
Indicate whether the statement is true or false