Multiple Choice
Which prices are used to measure goods and services in calculating the nominal GDP?
A) past years prices
B) current prices
C) average prices
D) projected prices
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q127: Explain why only final goods are included
Q128: What is the best measure of the
Q129: Use the following information to answer the
Q130: Compensation of employees is the largest component
Q131: A period in which real GDP in
Q133: Going to the dentist would be counted
Q134: In the study of macroeconomics, production leads
Q135: When considering imports and exports, economists include
Q136: The circular flow is used to make
Q137: If the economy grew at 7 percent