Which of the Following Is Not a Correct Statement About

question 7

Multiple Choice

Which of the following is not a correct statement about the growth of real GDP in the U.S.economy?

• A)Real GDP in 2009 was almost four times its 1965 level.
• B)Growth was steady between 1965 and 2009.
• C)Continued growth in real GDP enables the typical American to enjoy greater economic prosperity than his or her parents and grandparents did.
• D)The output of goods and services produced grew on average about 3 percent per year between 1965 and 2009.

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Definitions:

Insurance Benefits

Payments or services provided by insurance companies to policyholders when certain events or circumstances occur, outlined in an insurance policy.

Payroll Bank Account

A specific bank account used by businesses exclusively for processing payroll and associated employee payments.

Employees' Net Pay

The amount of income that an employee takes home after deductions like taxes, insurance premiums, and contributions to retirement accounts have been subtracted from their gross pay.

Estimated Warranty Liability

A financial provision for the expected future costs of repairing or replacing products under warranty.