Multiple Choice
Refer to the following table when answering the following questions.
Table 2.4: U.S. and Eurozone (18 Economies) Nominal GDP in 2015
-Consider Table 2.4. When we convert the eurozone's nominal GDP into dollars but do not adjust for price differences, the U.S. economy is about ________ the eurozone economy.
A) 1.9 times the size of
B) the same size as
C) 0.8 times the size of
D) 1.6 times the size of
E) 1.7 times the size of
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Prior to the late 1970s, the United
Q4: According to the income approach to GDP,
Q5: Using the expenditure approach, government expenditures include:<br>A)
Q6: Which of the following is/are NOT included
Q7: Refer to the following table when answering
Q9: Using the expenditure approach, consumption expenditures include
Q10: If we calculate the real GDP using
Q11: GDP often is used as a "measure"
Q12: Refer to the following table when answering
Q13: The largest share of household consumption expenditures