What is the term for GDP when price changes are NOT included in its calculation?
A) annual GDP
B) nominal GDP
C) real GDP
D) aggregate GDP
Correct Answer:
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Q94: A nominal variable is one that:
A) uses
Q95: Use the following to answer questions:
Q96: Use the following to answer questions:
Q97: The measure of GDP that has been
Q98: A real variable is one that:
A) uses
Q100: Use the following to answer questions:
Q101: Increases in real GDP are considered the
Q102: The difference between nominal GDP and real
Q103: Use the following to answer questions:
Q104: If real GDP rose in 2008, we
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