To calculate real GDP, an index number of ______ is assigned to some base year.
a. 25
b. 50
c. 100
d. 150
c. 100
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The European Central Bank:
A) emphasizes maintaining interest rates below 5%. B) lays more emphasis on controlling employment than on controlling inflation. C) emphasizes maintaining unemployment rates below 5%. D) lays more emphasis on controlling inflation than on controlling employment.
Which of the following statement or statements are correct about potential GDP?
i. Actual real GDP equals potential GDP when the economy is at full employment. ii. Real GDP can be less than potential GDP. iii. When real GDP equals potential GDP, it also equals nominal GDP. A) i only B) ii only C) ii and iii D) i and ii E) i, ii, and iii
What factors increase potential GDP? Include a definition of potential GDP in your answer
What will be an ideal response?
As the present value of the future earnings from owning an asset ____, the market value of the asset ____
a. decreases; increases b. increases; decreases c. decreases; decreases d. decreases; is uncertain