Nominal GDP is
A) real GDP adjusted for price changes.
B) GDP valued at prices of that year.
C) GDP valued at constant prices.
D) real GDP valued at base year prices.
B
You might also like to view...
Both monetary policy and fiscal policy were used in response to the recession of 2007-2009
a. True b. False Indicate whether the statement is true or false
As the price of cameras increases
A. the demand for cameras will increase. B. the demand for film will increase. C. the demand for film will decrease. D. the supply of cameras will increase.
A Texas ranch sells beef to a U.S. company that sells it to a grocery chain in Japan. These sales
a. decrease U.S. exports but increase U.S. net exports. b. decrease both U.S. exports and U.S. net exports. c. increase both U.S. exports and U.S. net exports. d. increase U.S. exports but decrease U.S. net exports.
Research associates obesity with a higher risk of all the following conditions except:
a. depression. b. type 1 diabetes. c. stroke. d. cancer. e. cardiovascular disease.