QUESTION 11 Two countries (A and B) report to have the same value of real GDP, even after adjusting for prices. In country A, however, the government produces a much larger share of goods and services than the government in country B. Given this information and assuming that the government's quality of output is equal to that of the private sector, which country is likely to, in fact, have a higher output? OA Country A O B. Country B OC. They are both the same O D. Unknown

QUESTION 11 Two countries (A and B) report to have the same value of real GDP, even after adjusting for prices. In country A, however, the government produces a much larger share of goods and services than the government in country B. Given this information and assuming that the government's quality of output is equal to that of the private sector, which country is likely to, in fact, have a higher output? OA Country A O B. Country B OC. They are both the same O D. Unknown

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter8: Aggregate Demand And The Powerful Consumer

Section8.A: National Income Accounting

Problem 2TY

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