Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 2009? Check all that apply.

History

1 answer:

Leto [7]3 years ago

4 0

Answer:

__ Consumer spending increased.

__ Retail sales increased.

Explanation:

GDP is the sum of all production of goods and services in an economy over a given period of time. In calculating GDP, consumption, investment, government spending and the net balance of foreign trade (exports minus imports) are considered. <u>Increased retail sales mean increased consumer spending. This is an increase in aggregate consumption, which is one of the variables of GDP, so increased sales and consumer spending raises GDP. </u>Conversely, if sales and industrial production decline, GDP declines.

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