Consider the economic effects of the September 11, 2001 terrorist attacks. Which of the following statements is correct?
a. Reconstruction would lead to an increase in GDP.
b. Increased government spending on relief efforts in the U.S. would decrease GDP.
c. Lost items and buildings would lead to a decrease in GDP.
d. U.S. well-being was improved, despite the loss in GDP.
a
Economics
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In contrast with nominal GDP, real GDP refers to nominal GDP
a. minus exports. b. minus personal income taxes. c. corrected for price changes. d. corrected for depreciation.
Economics
The Lorenz curve shows what portion of total money income is accounted for by
A. different proportions of a country's households. B. only the wealthiest citizens. C. taxpaying citizens only. D. only poor people.
Economics