Which Component(s)of U

question 7

Multiple Choice

Which component(s) of U.S.real GDP increased in size relative to total U.S.real GDP from 1950 to 2000?

• A)Only agriculture.
• B)Only manufacturing.
• C)Agriculture and manufacturing.
• D)Only services.

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Definitions:

Purchase Agreement

A legal document outlining the terms and conditions of a purchase between a buyer and a seller.

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, or compound interest, on a monthly basis.

Withdrawals

The act of taking money out of an account.

Compounded Semi-annually

The process of calculating interest on an investment or loan every six months on both the initial principal and previously accumulated interest.