Multiple Choice
Which of the following would not cause an increase in nominal GDP?
A) An increase in the output of goods and services with no change in prices.
B) An increase in the prices of goods and services with no change in their output.
C) An increase in both the output and the prices of goods and services.
D) No change in both the output and the prices of goods and services.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: What is an injection?<br>A)Any spending that is
Q22: What is real GDP?<br>A)Nominal GDP minus taxes.<br>B)Nominal
Q23: Are all productive activities not included in
Q24: Individuals in the household sector earn income
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the
Q27: What is the level of savings in
Q28: Assume that instead of regarding automobile purchases
Q29: What does national income measure?<br>A)The value of
Q30: What does the concept of net investment
Q31: If National Income is $1,000,undistributed corporate profits