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 2005.
Table 6.3
?
A) increased more than $5 billion
B) decreased more than $5 billion
C) increased by less than $1 billion
D) decreased by less than $1 billion
E) remained constant
Correct Answer:

Verified
Correct Answer:
Verified
Q132: In order to convert nominal gross domestic
Q133: Gross domestic product (GDP)is not a perfect
Q134: If a firm hires labor for $4,000,pays
Q135: If the price index is 100 this
Q136: Depreciation refers to a decrease in the
Q138: The gross domestic product (GDP)excludes:<br>A)the value of
Q139: If the consumer price index (CPI)is 200
Q140: The nominal gross domestic product (GDP)for a
Q141: A farmer grows wheat and sells it
Q142: Which of the following is not an