Solved

The Table Below Shows the Price Indexes and the Nominal

Question 83

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. 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. 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


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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: An increase in household production will increase

Q26: The gross domestic product (GDP)excludes:<br>A)the increase in

Q31: The value of the films starring Charlie

Q33: The value of tires purchased by a

Q65: The national income accounting system measures economic

Q75: Which of the following is an example

Q99: The circular flow model shows the flow

Q122: Gross domestic product (GDP)decreases if the quantity

Q127: If the consumer price index (CPI)is 160

Q144: If a firm hires labor for $8,000,pays