The market value of final output produced in a given period measured in the prices of that period is:
A. Real GDP.
B. GDP per capita.
C. Nominal GDP.
D. Potential GDP.
Answer: C. Nominal GDP.
Economics
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When interest rates are lower, consumers and companies are able to borrow money cheaply in order to make major purchases. As a result, the demand for goods in an economy will generally
A) remain the same. B) increase. C) decrease. D) be minimally affected.
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Arbitration is a major source of union power
Indicate whether the statement is true or false
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Which of the following is a store of value?
a. cash and stocks b. cash but not stocks c. stocks but not cash d. neither cash nor stocks
Economics
There are several reasons why incomes are unequal, including differences in luck, experience, and schooling.
Answer the following statement true (T) or false (F)
Economics