Suppose in 2000 . nominal GDP in Russia was 1000 rubles and it increased to 2000 rubles in 2001 . If we know that the base year is 2000 and the GDP deflator in 2001 is 100, then of the 1000 ruble increase in nominal GDP, ______ represents an increase in prices only
a. none, or 0 rubles
b. all, or 1000 rubles
c. 500 rubles
d. 2000 rubles
e. 100 rubles
A
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Gains in railroad productivity were caused by:
a. more powerful locomotives. b. automatic couplers. c. air brakes. d. All of the above are correct. e. Only a and b are correct.
The stock market bubble of the late 1990s and early 2000s:
A. saw internet and computer technology companies over-invest. B. was an example that not all bubbles burst. C. was a good example of the theory of efficient markets. D. saw an efficient allocation of resources toward the high-growth computer/internet sector.
Briefly describe the influence of majority rule on the individual consumption–payment link.
What will be an ideal response?
Crowding out refers to the effect that:
A. C and I are completely unrelated to changes in G. B. C and I are indirectly affected by changes in G. C. C is directly affected by changes in G. D. C and I are directly affected by changes in G.