Multiple Choice
Nominal GDP is calculated using:
A) prices at the time of sale.
B) the cost of production.
C) the same prices in all years.
D) a correction for inflation.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q64: Nominal GDP measures the value of production
Q73: In nations that have large underground,or illegal,sectors:<br>A)
Q74: You sell your old bedroom set to
Q105: National wealth refers to the value of
Q143: GDP is calculated by the:<br>A) Council of
Q166: Total spending on services in the United
Q205: The value of a car produced by
Q287: If nominal GDP rose in 2008, we
Q291: GDP is equal to:<br>A) consumption + investment
Q292: The single best indicator of a recession