To compare the change in physical production (GDP) between 2010 and 2016, we should compare ______ GDP in 2010 with ______ GDP in 2016.
A) real; real
B) real; nominal
C) nominal; nominal
D) current dollar; current dollar
Correct Answer:
Verified
Q104: Wages and salaries are examples of:
A)consumption.
B)labor income.
C)capital
Q106: A measure of GDP in which quantities
Q107: Assume an economy produces only hamburgers and
Q108: Real GDP measures the _ of production;
Q112: Labor income includes:
A)wages, salaries, and earnings of
Q113: Labor income in the U.S.equals approximately _
Q118: Profits, rents, interest, and royalties are examples
Q124: In the base year, real GDP _
Q128: Nominal GDP measures the _ of production.
A)change
Q136: Real GDP measures the _ of production.
A)change
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