The clearest sign of economic growth is a(n)

A. increase in nominal GDP.
B. increase in real GDP.
C. decrease in nominal GDP.
D. increase in nominal GDP.


Answer: B

Economics

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During 2015, a country reports aggregate planned expenditures of $5 trillion and an actual real GDP of $4 trillion. During 2015,

A) inventories are less than planned. B) inventories are greater than planned. C) actual aggregate expenditures are greater than real GDP. D) actual aggregate expenditures are less than real GDP. E) inventories are unaffected.

Economics

Of the following OECD countries, which has the highest life expectancy at birth?

A) the United Kingdom B) Japan C) Canada D) the United States

Economics

When producing at a production efficient point, ________

A) our choice of the goods can be either on or within the production possibilities frontier B) we can satisfy our all wants C) the opportunity cost of another good is zero D) we face a tradeoff and incur an opportunity cost

Economics

A corporation that operates in several countries, but produces all of its output in its domestic country, is called a(n)

a. sole proprietorship b. international partnership c. multinational corporation d. international corporation e. domestic corporation

Economics