e statement that total sales by businesses rose by 1.5 percent means that GDP. because O A. increased by more than 1.5 percent; "total sales by businesses" includes only sales of intermediate goods and services B. decreased by 1.5 percent; "total sales by businesses" are sales of intermediate goods and services o C. increased by 1.5 percent; GDP is a record of the value of all production D. increased by less than 1.5 percent; we need to subtract retail sales of 0.2 percent from the "total sales by businesses" to eliminate double counting E. did not change by 1.5 percent; GDP measures production of all final goods and services and "total sales by businesses" includes final and intermediate goods and services

e statement that total sales by businesses rose by 1.5 percent means that GDP. because O A. increased by more than 1.5 percent; "total sales by businesses" includes only sales of intermediate goods and services B. decreased by 1.5 percent; "total sales by businesses" are sales of intermediate goods and services o C. increased by 1.5 percent; GDP is a record of the value of all production D. increased by less than 1.5 percent; we need to subtract retail sales of 0.2 percent from the "total sales by businesses" to eliminate double counting E. did not change by 1.5 percent; GDP measures production of all final goods and services and "total sales by businesses" includes final and intermediate goods and services

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 28P: Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100...

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