One year nominal GDP was $286 billion and the price index was 88.Real GDP that year was
A) $252 billion.
B) $325 billion.
C) $308 billion.
D) $262 billion.
Correct Answer:
Verified
Q161: In an economy, the total expenditures for
Q162: If real GDP declines in a given
Q163: Personal income will equal disposable income when
A)corporate
Q164: Nominal GDP differs from real GDP because
A)nominal
Q165: Personal income (PI) refers to all income
A)received.
B)earned.
C)earned
Q167: "GDP price index" measures changes in the
A)value
Q168: The total income earned through the use
Q169: Over a year, a nation's GDP at
Q170: If prices increased, we need to adjust
Q171: Which of the following represents an income
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents