If the value of a price index was 125 for 2005 and 75 for 1982,and GDP was 2500 in 2005 compared to 600 in 1982,the value of real 2005 GDP in terms of 1982 prices is
A) 1500.
B) 1000.
C) 2500.
D) 360.
Correct Answer:
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Q6: Real gross national product is
A)the same as
Q7: National income is defined as gross national
Q8: The calculation of potential output in the
Q9: The index that measures the change in
Q10: If the nominal GDP is $12,000 in
Q12: If real GDP exceeds potential GDP,this means
Q13: Inventory investment is
A)never positive.
B)often negative.
C)can be either
Q14: Gross domestic product includes
A)all intermediate and final
Q15: Business fixed investment
A)includes the building of single-
Q16: In the base year,the relationship between nominal
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