Multiple Choice
Why has nominal GDP increased historically more rapidly than real GDP in the United States?
A) because of inflation
B) because of deflation
C) because of statistical discrepancies
D) because of high interest rates
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Exhibit 11-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 11-1
Q22: Depreciation is:<br>A)income earned but not received.<br>B)an allowance
Q23: If nominal GDP in 2011 is greater
Q24: GDP excludes:<br>A)business purchases of investment goods, such
Q25: The formula for calculating real GDP =
Q27: Exhibit 11-1<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 11-1
Q28: National income:<br>A)is a measure of the income
Q29: Which of the following is not considered
Q30: When you buy a pickup truck to
Q31: GDP is:<br>A)the total value of all consumer