True/False
In 2015, the country of Adanac produced 20 kilos of apples and 30 kilos of bananas. Both fruits were used only for final consumption and nothing else was produced. In 2015, a kilo of apples sold for $10 and a kilo of bananas sold for $5. Adanac's nominal GDP in 2015 was $400.
Correct Answer:
Verified
Correct Answer:
Verified
Q185: During a recession, there could be an
Q186: Differences in real GDP between years can
Q187: In Beyonceland, real GDP fell continuously from
Q188: Disposable income equals aggregate income plus transfers
Q189: The Human Development Index (HDI) shows the
Q191: According to the concept of creative destruction,
Q192: If real GDP is $200 billion but
Q193: Because Toyota is a Japanese corporation, Toyota
Q194: In 2015, Adanac produced 20 kilos of
Q195: During the most recent three quarters, real