Which of the Following Is Correct If Real GDP Is

question 135

Multiple Choice

Which of the following is correct if real GDP is $20.5 trillion and spending is $20 trillion?

• A) Spending is greater than output by $0.5 trillion.
• B) Spending is less than output by $0.5 trillion.
• C) Spending is greater than output by $20.5 trillion.
• D) Spending is less than output by $20.5 trillion.
• E) Spending is equal to output.

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Definitions:

Inference Forms

Logical sequences in which the conclusion is a direct result of the premises presented.

MP

Short for Member of Parliament, an individual elected to serve as a representative of the citizens in the parliamentary government.

Conj

An abbreviation often used for "conjunction," a logical operation that combines two conditions or statements, resulting in truth only if both elements are true.

Inference Forms

Standardized patterns of reasoning, where specific premises lead to a certain conclusion.