Suppose Julianna reads that Algeria's total spending on goods and services was $370 B in 2013. She also knows that ____
a. Algeria's net profits were $370 B
b. Algeria's export sales were $370 B
c. Algeria's real GDP was $370 B
d. Algeria's value of consumer goods produced was $370 B
e. all
Ans: c. Algeria's real GDP was $370 B
Economics
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An appreciation of the U.S. dollar would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Economics
Lower nominal interest rates ________ the amount of money demanded and a lower price level ________ the amount of money demanded.
A. increase; decreases B. decrease; decreases C. increase; increases D. increase; does not change
Economics