Which of the following expressions represents nominal GDP?
A) $Yt/Pt
B) Yt
C) PtYt
D) Yt + Pt
E) Yt/Pt
Correct Answer:
Verified
Q15: Changes in aggregate output in the medium
Q16: If nominal GDP rises from $50 trillion
Q17: Which one of the following represents a
Q18: Fluctuations refer to:
A) changes in stock prices.
B)
Q19: When using the income approach to measure
Q21: Which of the following pairs of variables
Q22: By 2011, capital income in Australia accounted
Q23: Suppose nominal GDP in 2011 increased by
Q24: Assume that 2009 is the base year.
Q25: Pure inflation occurs when:
A) the GDP deflator
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