A recession is a period of time in which the total output of the economy falls.
Answer the following statement true (T) or false (F)
True
Economics
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Mitsubishi Corporation of America builds a car in Normal, Illinois, and ships it to Japan for sale. In which country's GDP is this production included?
a. Japan b. both Japan and the United States c. in Japan as retail value and the United States as wholesale value d. half the value in Japan and half in the United States e. the United States
Economics
The income elasticity of demand for a good that is extremely necessary for the existence of its consumers is close to zero
a. True b. False Indicate whether the statement is true or false
Economics