The GDP deflator is calculated as (Real GDP / Nominal GDP) × 100
a. True
b. False
Indicate whether the statement is true or false
False
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From an economic perspective, a student's decision to go to the movies instead of studying for a test indicates that in the student's thinking the marginal
A. benefit of studying is greater than the marginal benefit of going to the movies. B. cost of going to the movies is less than the marginal benefit of going to the movies. C. benefit of studying is greater than the marginal cost of studying. D. cost of going to the movies is greater than the marginal cost of studying.
Eurobonds are bonds that are
A) sold outside the borrowing corporation's home country. B) sold in Europe. C) money market instruments. D) almost always underwritten by a single bank.
All of the following are associated with a fixed exchange rate policy except:
A. sacrificing control of the domestic inflation rate. B. it means importing monetary policy. C. the need to maintain ample international reserves. D. higher import prices.
If an automobile manufacturer pays $200 for a car windshield, $400 for four car tires, $100 for a car CD player, and sells cars made with these parts for $20,000, then each car the automobile manufacturer sells contributes how much to GDP?
A. $19,300 B. $20,000 C. $20,700 D. $20,200