If the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic product (GDP) for the same year is $3.6 trillion, the GDP price index is _____
a. 0.667
b. 150
c. 66.67
d. 50
e. 33.33
b
Economics
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Unlike monetary policy, fiscal policy does not experience policy lags
Indicate whether the statement is true or false
Economics
The group comprising the highest percentage of the poor is
A. the disabled. B. elderly. C. male heads of households. D. children.
Economics
A decrease in disposable income will:
a. shift the consumption function upward b. shift the consumption function downward. c. cause an upward movement along the consumption function. d. cause a downward movement along the consumption function. e. make the consumption function flatter.
Economics
A movement along the consumption function is caused by a change in:
A. consumption. B. expectations. C. aggregate supply. D. disposable income.
Economics