If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be
A) equal to 100.
B) greater than 100.
C) less than 100.
D) less than 0.
Answer: B
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Other things remaining the same, the higher the current exchange rate, the larger is the expected profit from buying dollars
Indicate whether the statement is true or false
Economic growth as it is currently measured
A. does not account for how increased per capita income is distributed across income groups. B. understates actual economic growth since it does not adjust for changes in leisure. C. does not consider? spiritual, cultural or social difficulties that may arise from growth. D. All of the above.
The most powerful (but seldom used) tool at the Federal Reserve's disposal is
A. the ability to set reserve requirements. B. the discount rate. C. open market operations. D. margin requirements on stock purchases.
A company is operating most efficiently when it is at
A. the break-even point. B. the shutdown point. C. both the break-even and shutdown points. D. neither the break-even nor the shutdown point.