Multiple Choice
Which of the following would be an invalid measure of nominal GDP?
A) wages + interest payments + corporate profits + rent
B) consumption + investment + government purchases + exports - imports
C) the cost of resources + the value added by intermediate industries + the value added by retailers
D) coins + currency + bank account balances
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q4: If a U.S.-owned manufacturing firm closes its
Q5: In the national income accounts,which of the
Q6: The Human Development Index (HDI) compiled by
Q7: United States GDP in constant dollars refers
Q8: In general an increase in income of,say,$1000<br>A)
Q10: The next questions refer to the following
Q11: If both imports (M) and exports (X)
Q12: The Canadian economy produces only about half
Q13: Comparing countries' income per head using Purchasing
Q14: Suppose 1 million Germans work as consultants