Question

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

Answer 1

d.$20 billion at an annual rate

Step-by-step 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