The value of currently produced final goods and services measured in current year prices is called:
A) real GDP.
B) nominal GDP.
C) imputed values.
D) inflation.
B
Economics
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In the United States today, economists estimate that the natural rate of unemployment is between ________ and ________ percent
A) 3; 5.5 B) 3; 4 C) 6.5; 7.5 D) 5; 6.5
Economics
What is a command economy?
What will be an ideal response?
Economics
Which of the following is an example of an ordering cost for goods held in inventory?
A) the cost of storage B) the costs of securing the inventory C) the opportunity cost of using funds to finance the inventory D) the cost of the paperwork necessary to pay for each order
Economics
All else equal, more investment takes place at
A. higher market interest rates. B. higher nominal interest. C. lower market interest rates. D. higher real interest rates.
Economics