Constant dollars are
A. the same as current dollars.
B. when an individual does not receive a cost of living increase.
C. what nominal GDP is measured in.
D. dollars corrected for general price level changes.
Answer: D
You might also like to view...
In the long run, perfectly competitive firms earn just enough revenue to
A) pay all fixed costs. B) pay all accounting costs. C) pay all opportunity costs. D) attract entry.
Suppose that the consumer price index of a country was 160 at year-end 2007 and 168 at the end of 2008 . What was the country's inflation rate during 2008?
a. 5 percent b. 8 percent c. 60 percent d. 68 percent
A price ceiling that is set above the equilibrium price:
A. will lead to excess supply in the market. B. will lead to a black market. C. will lead to excess demand in the market. D. will have no effect on the market.
Recall the Application about the effects of increasing state level Earned Income Tax Credit (EITC) on child health in the United States to answer the following question(s).Recall the Application. Earned Income Tax Credit improves child health because:
A. it increases employment and hence, health benefits. B. it increases income resulting in higher health expenditures. C. it forces children to work so they can get health insurance. D. it increases employment and hence, health benefits and it increases income resulting in higher health expenditures are both correct.