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Author Question: GDP is: a. the value of all final goods and services produced domestically within a given period of ... (Read 148 times)

SGallaher96

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on: Jun 30, 2018
GDP is:
 a. the value of all final goods and services produced domestically within a given period of time.
 b. the value of all final good and services produced anywhere in the world by a nation's firms within a given period of time.
  c. the value of all final goods and services produced by a government within a given period of time.
 d. the sum of all currency and coins in circulation.

Question 2

The aggregate supply curve shows the negative relationship between general price level and real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false


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Tonyam972

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

a

Answer to Question 2

False


SGallaher96

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Reply #2 on: Jun 30, 2018
Thank you


Tonyam972

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Reply #3 on: Jun 30, 2018
No problemo


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