The inflation-adjusted value of all goods and services produced is
A. GDP per capita.
B. Nominal GDP.
C. The GDP deflator.
D. Real GDP.
Answer: D
You might also like to view...
The unemployment rate is defined as the
A) number of people not working. B) percentage of the population not working. C) percentage of the labor force not working. D) percentage of the working-age population not working.
As the total quantity of land is fixed the payment for land is termed as economic rent
a. True b. False Indicate whether the statement is true or false
Economic growth is important because expansion in the output of goods and services
What will be an ideal response?
As the U.S. dollar’s foreign-exchange value falls, we should expect to see
A. more Americans travelling abroad. B. American import levels rising. C. more foreigners visiting the United States. D. increased foreign investment by American firms.