Multiple Choice
In comparing GDP data over a period of years, a difference between nominal and real GDP may arise because
A) of changes in trade deficits and surpluses.
B) the length of the workweek has declined historically.
C) the price level may change over time.
D) depreciation may be greater or smaller than gross investment.
Correct Answer:
Verified
Correct Answer:
Verified
Q185: If real GDP in a particular year
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Q188: In national income accounting, the personal consumption
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