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If real GDP per capita has decreased, the standard of living in the country has improved.
Q6: GDP includes the value of illegal transactions,which
Q92: Which of the following statements regarding the
Q116: Suppose consumers spend more than usual.In the
Q130: Saving is zero when the economy is
Q132: Joe figures that if the spending multiplier
Q161: When taxes are decreased,disposable income _ and
Q180: (Figure: Determining SRAS Shifts 2) <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3259/.jpg"
Q190: _ is a measure of the changes
Q191: The goal of deflating a GDP series
Q199: For calculations of employee compensation in national