An increase in nominal GDP could result from an increase in
i. production.
ii. prices.
iii. subsidies.
A) i only
B) ii only
C) i and ii
D) i and iii
E) i, ii, and iii
C
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Georgia's great uncle gave her a $5,000 savings bond as a wedding gift. The bond pays $5,000 at maturity, which is in 10 years. If the interest rate is 4%, the bond has a present value of $ 3,377.82
Indicate whether the statement is true or false
Which of the following are NOT true?
a. Credit cards are the same as debit cards when determining the money supply. b. Credit cards are included in M2 but not M1. c. Credit cards do not impact the demand for money. d. Credit cards are a means of payment. e. All of the above are true.
Given an annual interest rate of 5 percent, what is the present value of receiving $2,000 in one year?
A) $1980.19 B) $1950.25 C) $1934.89 D) $1,904.76
Chad and Libya are two economies in Africa. Suppose Libya's national income is twice the size of Chad's but Libya's economic growth is only half the growth rate of Chad's. Suppose as well that the MPC in each is 0.75 . You would expect then that the
a. level of investment is higher in Chad than in Libya but the level of saving is higher in Libya than in Chad b. level of investment is lower in Chad than in Libya but the level of saving is lower in Libya than in Chad c. level of investment and of saving is higher in Chad than in Libya d. level of investment and of saving is lower in Chad than in Libya e. consumption is greater than saving in Chad but lower than saving in Libya