Author Question: Which of the following products are not included in current U.S. GDP? a. a Washington apple b. a ... (Read 37 times)

wrbasek0 · **on:** Jun 30, 2018

Which of the following products are not included in current U.S. GDP?
a. a Washington apple
b. a Ford Mustang produced last year and sold this year
c. a physical examination at a California health clinic
d. All of the above are included in current U.S. GDP.

Question 2

When the actual inflation rate rises more rapidly than nominal wage rates, we would expect the short-run aggregate supply curve to shift to the right.
a. True
b. False
Indicate whether the statement is true or false