menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics A Contemporary Introduction Study Set 1
  4. Exam
    Exam 6: Tracking the U S Economy
  5. Question
    If the Real Gross Domestic Product (GDP)is $5 Trillion for a Particular
Solved

If the Real Gross Domestic Product (GDP)is $5 Trillion for a Particular

Question 38

Question 38

True/False

If the real gross domestic product (GDP)is $5 trillion for a particular year and the GDP price index is 140,then the nominal GDP is $7 trillion.

Correct Answer:

verifed

Verified

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

Related Questions

Q33: The value of tires purchased by a

Q34: The base year for a price index

Q35: The GDP price index:<br>A)measures the average price

Q36: Nominal gross domestic product (GDP)is a better

Q37: Transfer payments are an injection into the

Q39: Net exports equals _.<br>A)the value of exports

Q40: If the GDP price index rises from

Q41: A decrease in gross domestic product (GDP)necessarily

Q42: Marianne and Laura are both homemakers with

Q43: In the double-entry bookkeeping system used to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines