If the nominal GDP and real GDP of a country in a particular year are $5 trillion and $3 trillion, respectively, the value of the GDP deflator in this year relative to the base year is approximately _____
a. 150
b. 112
c. 167
d. 135
c
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What happens to the real wage rate and potential GDP if population increases?
What will be an ideal response?
What do diseconomies of cities include?
(a) Pollution (b) Crime (c) Congestion (d) All of the above
Stocks that offer a guaranteed fixed periodic payment or dividend are known as:
a. common stock. b. restricted stock. c. close-ended stock. d. preferred stock. e. open-ended stock.
Which of the following would be most likely to shift the long-run aggregate supply curve (LRAS) to the right?
a. favorable weather conditions that increased the size of this year's grain harvest b. an increase in resource prices relative to product prices c. an increase in labor productivity as the result of improved computer technology and expansion of the Internet d. an increase in the cost of security as the result of terrorist activities