GDP that is not reported as real GDP is
A. an average of GDPs over a period of time, unadjusted for inflation.
B. an average of GDPs over a period of time, adjusted for inflation.
C. the actual GDP for that year, adjusted for inflation.
D. the actual GDP for that year, unadjusted for inflation.
Answer: D
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Martha Stewart earns $4,000 and she wants to save it for retirement, which is 10 years away. She can either save it in a taxable account or put it into a Roth IRA. Suppose that Martha can receive an annual rate of return of 8 percent and her marginal tax rate is 25 percent. By the time she reaches retirement, how much money would she have in either option? NOTE: Martha has to pay tax on the $4,000, so she cannot put the full amount into either the taxable account or the Roth.
What will be an ideal response?
Any restriction of international trade that is accomplished by a quota can also be accomplished by a tariff
a. True b. False Indicate whether the statement is true or false
What is the marginal cost of the 120th unit of output in Figure 21.2?
A. $1.20. B. $200.00. C. $288.00. D. $208.00.
Microeconomics is the study of aggregate behavior in the economy.
Answer the following statement true (T) or false (F)