The total annual market value of a nation's final output of goods and services computed at existing prices is called:
A. real GDP.
B. aggregate income.
C. nominal GDP.
D. net national product.
Answer: C
You might also like to view...
A structural deficit refers to that part of the deficit that exists as a result of a downturn in economic activity
Indicate whether the statement is true or false
The second crisis of economic theory refers to
A. The dominance of Keynesian views in fiscal policy to the exclusion of newer, more enlightened viewpoints. B. The typical fiscal policy trade-off between unemployment and inflation. C. An emphasis on the level of output without concern for the content of output in terms of fiscal policy. D. Our inability to maintain full employment output over any significant period of time.
_____ income has been adjusted for changes in prices over time
Fill in the blank(s) with the appropriate word(s).
Country risk analysis involves a consideration of only economic factors
Indicate whether the statement is true or false