Question

Aggregate Demand is always equal to Gross Domestic Product Group of answer choices True False Which...

Aggregate Demand is always equal to Gross Domestic Product

Group of answer choices

True

False

Which of the following is NOT true about GDP as an indicator of how well or how poorly the economy is performing.

Group of answer choices

GDP is not a good indicator because the U.S. is a "24/7" economy, while other economies value time off

GDP is not a good indicator because it can be undervalued

GDP is not a good indicator because it takes into account the nation's welfare which can vary from state to state

GDP is not a good indicator because it can be overvalued

Rent paid in 2017 by residents in an apartment building built in 2017 is included in 2017 GDP.

Group of answer choices

True

False

0 0
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Answer #1

a) true, aggregate demand and the GDP are the same thing.

b) "D"

GDP is not a good indicator because it can be overvalued, it can be overvalued by the price and other factors.

c) True, Rent is always part of the GDP.

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