Multiple Choice
When studying changes in the economy over time,economists want a measure of the total quantity of goods and services the economy is producing that is not affected by changes in the prices of those goods and services.In other words,economists want to study
A) nominal GDP.
B) real GDP.
C) the GDP deflator.
D) GNP.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: If in some year real GDP was
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Q36: Which of the following is correct?<br>A)Nominal GDP
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Q39: A country's real GDP rose from $500
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