gross domestic product is the value of linked back to the prices of a single year.
A) Real; total production
B) Productivity; the consumer price index
C) Real; production possibilities
D) Nominal; total production
Correct Answer:
Verified
Q180: Of the following, which is correct?
A) Nominal
Q181: Which of the following is the best
Q182: Potential GDP is
A) the level of GDP
Q183: Gross private domestic investment is a component
Q184: Potential GDP is
A) the level of GDP
Q186: Suppose an economy has some inflation. Then,
Q187: Which of the following is NOT a
Q188: Potential GDP is the
A) value of production
Q189: Potential GDP
A) measures the actual production from
Q190: In years with inflation, nominal GDP increases
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