GDP measured using current prices is called:
A. Nominal GDP
B. Real GDP
C. Constant GDP
D. Deflated GDP
A. Nominal GDP
You might also like to view...
Public goods are ________ in consumption
A) excludable but non-rival B) non-excludable and non-rival C) rival but non-excludable D) excludable and rival
How do transfer payments function as negative taxes?
What will be an ideal response?
There are many reasons why monopolies arise. Which of these is not one of them?
Which of the following situations will arise in the domestic market following the imposition of an import quota?
A. imports increase, domestic production decreases, prices decrease B. imports decrease, domestic production increases, prices decrease C. imports decrease, domestic production decreases, prices increase D. imports decrease, domestic production increases, prices increase