Which of the following is true of real GDP?
a. It measures a nation's output in terms of current year prices.
b. It measures a nation's output in constant prices.
c. It measures the degree of change in the general price level in an economy.
d. It measures the change in the value of an economy's output.
e. It measures the value of both intermediate and final goods and services produced in an economy.
b
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What is the present value of $100 three years from now at an interest rate of 6%?
A) $83.96 B) $82 C) $94.34 D) $119.10
The increase in the trade deficit in the 1980's reflected a decrease in national saving that is associated with an increase in the government budget deficit
a. True b. False Indicate whether the statement is true or false
Complete the following short-run cost table using the information provided
The total cost curve is the sum of the:
a. total fixed and total variable cost curves. b. total fixed and marginal cost curves. c. marginal cost and total variable cost curves. d. none of these.