Refer to the scenario above. The nominal GDP of the country in Year 1 was ________

A) $280,000 B) $2,200,000 C) $1,400,000 D) $540,000


C

Economics

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Along a short-run Phillips curve when the inflation rate rises,

A) the real wage rate falls and more labor is hired. B) the expected inflation rate falls. C) the expected inflation rate rises. D) the money wage rate falls because the labor market becomes less tight. E) potential GDP decreases.

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The Marshall Plan (1948–51) brought about the immediate integration of Europe into international markets

Indicate whether the statement is true or false

Economics

College students often spend summers in internships that pay little or no income because internships provide benefits in the form of higher future incomes

a. True b. False

Economics

What muscle is located above the waist?

A. Deltoid B. Gastrocnemius C. Gluteus maximus D. Tibialis anterior

Economics