To convert nominal GDP to real GDP, we use which one of the following?
a. real GDP = nominal GDP × GDP deflator
b. real GDP = nominal GDP/GDP deflator
c. real GDP = GDP deflator/nominal GDP
d. real GDP = (nominal GDP/GDP deflator) × 100
e. real GDP = (nominal GDP/GDP deflator)/100
D
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Matters of equity are explicitly integrated into the decision rules that govern benefit-cost analysis. 2. The first U.S. president to explicitly include the efficiency criterion in the regulatory review process was President Clinton. 3. President Reagan was the only U.S. president to support the use of economic criteria in policy decision making. 4. According to the text application on the UK Climate Change Act, the Impact Assessment presented for this policy when proposed, gave benefit and cost estimates of the proposed regulation up to 2050.
Exchange rate crises are only associated with fixed exchange rate systems
Indicate whether the statement is true or false
Starting with an exchange rate of $1 = ¥110, and a price tag of ¥5,000 for a Japanese good, what happens to the dollar price of the good if the yen depreciates by 4 percent?
A) the dollar price of the good rises from $45.45 to $47.72 B) the dollar price of the good falls from $45.45 to $43.64 C) the dollar price of the good falls from $550,000 to $522,500 D) the dollar price of the good rises from $550,000 to $577,500 E) ?the dollar price of the good rises falls from $450 to $427.50
What development turned the cable TV market into a contestable one?
A. Economies of scale. B. Satellite and broadband technology. C. Cable TV firms were earning economic profits. D. Cable TV firms raised prices.