The GDP deflator is equal to.
A. nominal GDP divided by real GDP.
B. nominal GDP minus real GDP.
C. nominal GDP multiplied by real GDP.
D. nominal GDP plus real GDP.
Answer: A
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Tobin's q theory adds to neoclassical theory because it ________
A) illustrates the important relationship between tax rates and the incentive to labor B) emphasizes the role played by asset price fluctuations on investment spending C) highlights the impact of a tax increase on business investment D) underlines the relationship between financial innovation and the financial crisis of 2007-2009
A tax levied on imported goods is called
What will be an ideal response?
Keynes argued that an economy could be in equilibrium when the economy was
A. operating with some unutilized productive capacity. B. trying to operate at some output level beyond its potential capacity. C. operating either at full productive capacity or at less than full capacity. D. operating at maximum potential capacity.
The biggest factor in separating out baseball teams in terms of revenues is
A. memorabilia sales. B. the cost of living in the city. C. local television contracts. D. ticket sales.