Which of the Following Is NOT a Positive Statement

question 27

Multiple Choice

Which of the following is NOT a positive statement?

• A) The unemployment rate is 5.8 percent.
• B) The inflation rate for 2002 was 2.3 percent.
• C) The national debt is too high.
• D) The federal government budget for 2004 is $2.2 trillion.

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Definitions:

Per Capita Real GDP

A measure of a country's economic output that accounts for its number of people, adjusting for inflation to represent the value of goods and services produced per person.

Expenditures Approach

A method for calculating GDP that sums total spending on goods and services within an economy, including consumption, investment, government spending, and net exports.

GDP

Gross Domestic Product is the summed monetary value of all ultimate goods and services generated inside a country's territory in a defined interval.

Per Capita GDP

A metric that measures a country's economic output per person, dividing the GDP of a country by its population; often used to compare economic prosperity across countries or regions.