Multiple Choice
If real gross domestic product (GDP) equals nominal GDP,then
A) output did not grow.
B) there was no inflation.
C) the current year is the base year.
D) the growth in output was equal to the growth in the price level.
E) the growth in output was greater than the growth in the price level.
Correct Answer:
Verified
Correct Answer:
Verified
Q77: Which of the following is included in
Q78: Nominal gross domestic product (GDP)increased from $15.62
Q79: Farmer John produces oranges.He sells half of
Q80: Real gross domestic product (GDP)is GDP adjusted
Q81: Real gross domestic product (GDP)is GDP measured
Q83: Consider the following data that identifies real
Q84: The gross domestic product (GDP)deflator is a
Q85: Company X sells sugar to company Y
Q86: The market price of a gallon of
Q87: An example of an intermediate good would