Multiple Choice
The table below shows the price indexes and the nominal gross domestic product (GDP) for an economy from 2001 to 2005.The real GDP _____ between 2002 and 2003.
Table 6.3
?
?
A) decreased by slightly more than $5 billion
B) increased by slightly more than $4 billion
C) remained constant
D) increased by only about $1 billion
E) decreased by $6 billion
Correct Answer:

Verified
Correct Answer:
Verified
Q109: If the value of exports equals $6.5
Q110: If the consumer price index (CPI)rises over
Q111: Nominal gross domestic product (GDP)is measured in
Q112: Which of the following is true of
Q113: If the nominal gross domestic product (GDP)for
Q115: Which of the following is the best
Q116: Rhonda sells a house she has owned
Q117: Which of the following would be included
Q118: If a firm's inventory decreases,the gross domestic
Q119: The value added by a firm is