BMC EXAM SOLUTIONS WITH
CORRECT ANSWERS
In 2015, an accounting gimmick gave Ireland a 26% growth
rate in GDP. What does this even reflect about the nature of
GDP? - CORRECT ANSWER-If the measurement of economic
activity evolves, GDP can change.
5 essential economic indicators - CORRECT ...
In 2015, an accounting gimmick gave Ireland a 26% growth
rate in GDP. What does this even reflect about the nature of
GDP? - CORRECT ANSWER-If the measurement of economic
activity evolves, GDP can change.
economic growth - CORRECT ANSWER-the ability of the
economy to increase the production of goods and services
GDP = ? - CORRECT ANSWER-C + I + G + (X-M)
Consider the formula GDP = C + I + G + (X - M), A country is
udnergoing a boom in consumption of domestic and foreign
luxury goods. In one year, the dollar growth in imports is
greater than the dollar growth in domestic consumption.
Assuming nothing else has changed, what happened to GDP? -
CORRECT ANSWER-It went down; As imports act as a drag
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TIFFACADEMICS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.