QUESTION 11 Two countries (A and B) report to have the same value of real GDP, even after adjusting for prices. In country A, however, the government produces a much larger share of goods and services than the government in country B. Given this information and assuming that the government's quality of output is equal to that of the private sector, which country is likely to, in fact, have a higher output? OA Country A O B. Country B OC. They are both the same O D. Unknown

QUESTION 11 Two countries (A and B) report to have the same value of real GDP, even after adjusting for prices. In country A, however, the government produces a much larger share of goods and services than the government in country B. Given this information and assuming that the government's quality of output is equal to that of the private sector, which country is likely to, in fact, have a higher output? OA Country A O B. Country B OC. They are both the same O D. Unknown

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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