Nominal GDP:
A) has not been adjusted for changes in prices over time.
B) has been adjusted for changes in prices over time.
C) is a small or nominal amount of output.
D) excludes the international sector.
Correct Answer:
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Q175: Suppose that, in year 1, an economy
Q176: Suppose that, in year 1, an economy
Q177: Use the following to answer questions:
Q178: Use the following to answer questions:
Q179: Real GDP is:
A) the value of the
Q181: If nominal GDP decreases from one year
Q182: Real GDP per capita is:
A) a perfect
Q183: Use the following to answer questions:
Q184: Real GDP is the same as _
Q185: Nominal GDP is:
A) inflation-adjusted GDP.
B) real GDP
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