Multiple Choice
If real GDP in 2012 using 2011 prices is higher than nominal GDP of 2012,then
A) prices in 2012 are lower than prices in the base year.
B) nominal GDP in 2012 equals nominal GDP in 2011.
C) prices in 2012 are higher than prices in the base year.
D) real GDP in 2012 is larger than real GDP in 2011.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Refer to the information provided in Table
Q58: If net investment is zero, then<br>A) gross
Q72: Refer to the information provided in Table
Q93: Transfer payments are subtracted from national income
Q103: If GDP is $500 billion and depreciation
Q157: If nominal GDP is $8 trillion and
Q195: The value of what KFC produces in
Q201: Double counting can be avoided by<br>A) including
Q204: Related to the Economics in Practice on
Q211: When calculating GDP, exports are _ and