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1) If a nation Solution 1>the nations real GDP increased than the population imp

ID: 1242007 • Letter: 1

Question

1) If a nation

Explanation / Answer

1>the nations real GDP increased than the population implies that the GDP per capita increased. we would conclude that real GDP per capita increased faster than population. 2>A check for 250$ sent by a parent to a daughter at college. 3>The GDP grossly understates the value of our annual output Total sales are in money terms and GDP is always stated in real terms 4>Office supplies bought by an accounting firm 5>The total spending for consumption, investment, net exports, and government purchases -The total spending for consumption and government purchases, but subtracting public and private transfer payments 6>Gross investment is an inflow and depreciation is an outflow cheers :)