Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above.
- The base year is 2012. Nominal GDP in 2012 is equal to
A) $640.
B) $800.
C) $500.
D) $100.
E) $625.
Correct Answer:
Verified
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
Q102: Q103: If the purchase of used goods was Q105: Everything else the same, if government expenditure Q106: Gross Domestic Product measures the Q107: Adding wages, interest, rent, and profits yields Q108: Which of the following is NOT included Q109: Production by Honda, a Japanese firm, in
A)market value of
A)gross
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