Which of the following is true?
A) The share of government expenditure in the GDP of US has fallen over the last 80 years.
B) The share of consumption expenditure in the GDP of US has increased over the last 80 years.
C) The share of exports in the GDP of US has grown over the last 80 years.
D) The share of exports in the GDP of US has fallen over the last 80 years.
C
Economics
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The demand for agricultural products rises less rapidly than income. This means that the demand for agricultural products is:
A. income inelastic. B. income elastic. C. price inelastic. D. price elastic.
Economics
GDP is the total market value of all final goods and services produced in a given time period within a nation's borders.
Answer the following statement true (T) or false (F)
Economics