What happens if the GDP in one year is greater than it was in the previous year?
If the GDP in one year is greater than it was in the previous year, then economic growth must have occurred.
Which federal agency is responsible for determining the inflation rate and the unemployment rate?
The federal government agency that is responsible for determining the inflation rate and the unemployment rate is the Federal Reserve.
What happens if a business firm in Country A produces a good but does not sell it in that same year?
If a business firm in Country A produces a good but does not sell it in that same year, that good will not be counted in Country A's GDP.
What is the sum of the unemployment rate and labor force participation rate?
The sum of the unemployment rate and the labor force participation rate always equals 100 percent.
How does the real balance effect work?
The real balance effect works through a change in the value of
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