Econ

2. Most goods and services included in the U.S. gross domestic product are bought by

A) businesses in the United States

B) state, local, and federal governments in the United States

C) people and businesses in other nations

D) consumers in the United states

E) none of the above

3. Which of the following makes an adjustment for both inflation and population change?

A) the consumer price index

B) the unemployment rate

C) real GDP per capita

D) final goods and services

E) all of the above

4. A nation’s standard of living will rise if

A) GDP and population increase at the same rate

B) real GDP per capita increases

C) population increases more than GDP

D) production and consumption decrease