The table above gives some data about GDP in a country for two years. Using these the chained-dollar method for calculating real GDP, real GDP increased by-------------------- percent between these two years.
A) 6
B) 10
C) 2
D) 5
E) 4
Correct Answer:
Verified
Q97: The income approach measures GDP by summing
A)the
Q98: Expenditures in GDP do not include--------------------
A)used goods
Q99: Although imperfect, which of the following is
Q100: Over the business cycle,
A)only real GDP fluctuates
Q101: If real GDP is greater than nominal
Q103: If the purchase of used goods was
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