One way to measure asset inflation is to:
A. multiply the GDP deflator times real net worth; if it increases, there is asset inflation.
B. divide GDP by nominal net worth; if it increases, there is asset inflation.
C. multiply the GDP deflator times nominal net worth; if it increases, there is asset inflation.
D. divide nominal net worth by GDP; if it increases, there is asset inflation.
Answer: D
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Use the following table for a certain product's market in Marketopia to answer the next question.Quantity Demanded DomesticallyPriceQuantity Supplied Domestically1,400$102,2001,60092,0001,80081,8002,00071,6002,20061,4002,40051,200If Marketopia is entirely closed to international trade, the equilibrium price and quantity would be
A. $6 and 1,400 units. B. $7 and 2,000 units. C. $9 and 2,000 units. D. $8 and 1,800 units.
In the United States, paper money is redeemable for gold
a. True b. False Indicate whether the statement is true or false
In an economic system with privately owned, profit-maximizing banks, there will always be a difference between
a. private profits and social profits. b. bank profits and other corporate profits. c. bank profits and macroeconomic objectives. d. bank profits and government profits.
Which of the following is an economic activity:
A. Following the stock market B. Reading a bank statement C. Balancing a checkbook D. Purchasing a candy bar