Q-1. when is a country said to move into a recession? Select one: a. If actual output falls below the trend level of output b If actual output falls below the potential level of output c. If actual output falls for two consecutive quarters of a year d If actual output falls Q-2. The equation for GDP using the expenditure approach is Select one: a. GDP=C+I+G +( IM-EX). b. GDP=C+I+G-EX-IM c. GDP=C+I+G+ (EX-IM) d. GDP=C+I+G + EX
Q-1. when is a country said to move into a recession? Select one: a. If actual output falls below the trend level of output b If actual output falls below the potential level of output c. If actual output falls for two consecutive quarters of a year d If actual output falls Q-2. The equation for GDP using the expenditure approach is Select one: a. GDP=C+I+G +( IM-EX). b. GDP=C+I+G-EX-IM c. GDP=C+I+G+ (EX-IM) d. GDP=C+I+G + EX
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 1P
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Q-1. when is a country said to move into a recession?
Select one:
a. If actual output falls below the trend level of output
b If actual output falls below the potential level of output
c. If actual output falls for two consecutive quarters of a year
d If actual output falls
Q-2. The equation for
Select one:
a. GDP=C+I+G +( IM-EX).
b. GDP=C+I+G-EX-IM
c. GDP=C+I+G+ (EX-IM)
d. GDP=C+I+G + EX +IM.
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