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23 January, 00:48

The government of a country, which has adopted American GDP accounting conventions, reported that seasonally adjusted GDP in quarter 3 was $48 billion at an annual rate. This means that the seasonally-adjusted market value of all final goods and services produced within this country in quarter 3 was A. $12 billion. B. $48 billion. C. $4 billion D. $16 billion

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  1. 23 January, 00:51
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    The answer is A. $12 billion.

    Explanation:

    goods produced in third quarter = 48 billion * 0.25 = $12 billion
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