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1 June, 08:14

The government of Wrexington, a country which has adopted American GDP accounting conventions, has calculated that the seasonally-adjusted market value of all final goods and servicesproduced within Wrexington in quarter 1 was $5 billion. The government will report that GDP in quarter 1 was a.$1.25 billion at an annual rate. b.$4 billion at an annual rate. c.$5 billion at an annual rate. d.$20 billion at an annual rate

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  1. 1 June, 09:30
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    d.$20 billion at an annual rate

    Explanation:

    As $5 billion was quarter 1 market value of final goods and services produced, the annual rate will be $5*4=$20 billion annually
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