Gross domestic product is the value of all final goods and services produced within a country during a given period of time

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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The nominal interest rate cannot fall below

A) the real interest rate. B) the rate of growth in the money stock. C) 2%. D) zero.

Economics

Explain how each of the following could discourage economic growth:

a. The government closes all of the schools so that more people will be available for work. b. The country fears military invasion and spends half of its income on military goods.

Economics