How much more (or less) output will the average American have next year of the $20 trillion GDP grows (or contracts) by: Instructions: if the economy contracts be sure to include a negative sign(-) in front of your answer. Assume a population of 340 million. If the economy contracts, be sure to put a (-) in front of your answer. A. 2 percent? B. 5 percent? C. -1 percent? D. 1.5 percent ? E. 4 percent ? F. 2.5 percent ?
How much more (or less) output will the average American have next year of the $20 trillion GDP grows (or contracts) by: Instructions: if the economy contracts be sure to include a negative sign(-) in front of your answer. Assume a population of 340 million. If the economy contracts, be sure to put a (-) in front of your answer. A. 2 percent? B. 5 percent? C. -1 percent? D. 1.5 percent ? E. 4 percent ? F. 2.5 percent ?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How much more (or less) output will the average American have next year of the $20 trillion GDP grows (or contracts) by:
Instructions: if the economy contracts be sure to include a negative sign(-) in front of your answer.
Assume a population of 340 million.
If the economy contracts, be sure to put a (-) in front of your answer.
A. 2 percent?
B. 5 percent?
C. -1 percent?
D. 1.5 percent ?
E. 4 percent ?
F. 2.5 percent ?
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