Of the following, which is correct?
A) Nominal GDP is not affected by changes in prices of goods and services.
B) Real GDP changes only when the prices of goods and services really change.
C) Nominal GDP does not change when the production of goods and services increases.
D) Nominal GDP increases when the prices of goods and services increase.
Correct Answer:
Verified
Q175: All of the following are indirect taxes
Q176: Q177: Using the data in the above table, Q178: Real GDP is Q179: Nominal GDP is Q181: Which of the following is the best Q182: Potential GDP is Q183: Gross private domestic investment is a component Q184: Potential GDP is Q185: gross domestic product is the value of
A) the value of total
A) real GDP valued at
A) the level of GDP
A) the level of GDP
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