Homework Answers
Answer
1 $110 Billion
According to the value added method the value of final goods that is produced is equal to the country's GDP. The value of intermediate goods is not considered .
2 GDP data has be adjusted for changes in price levels
Real GDP is the GDP which is adjusted of price level in accordance to changes in inflation from the base period to the current period.
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The first question option is (remain the same/fall/rise). the second question option (reducing/in...
the first question option is (remain the same/fall/rise). the
second question option (reducing/increasing). the third question
option (rise above/fall below)
the
option here is (rises above/falls below)
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the first question option is (remain the same/fall/rise). the
second question option (reducing/increasing). the third question
option (rise above/fall below)
the
option here is (rises above/falls below)
t Login or Register 6. Why the aggregate supply-curve slopes upward in the short run Apla Student G In the short run, the quantity of output that fims supply fronm from the expected price level. Several theories explain how this might happen can deviate from the natural rate of output if the actual...
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