Over a year, a nation's GDP at current prices rose by 15 percent, while the price index increased from 100 to 110.GDP at constant prices rose by about
A) 3 percent.
B) 5 percent.
C) 7 percent.
D) 9 percent.
Correct Answer:
Verified
Q164: Nominal GDP differs from real GDP because
A)nominal
Q165: Personal income (PI) refers to all income
A)received.
B)earned.
C)earned
Q166: One year nominal GDP was $286 billion
Q167: "GDP price index" measures changes in the
A)value
Q168: The total income earned through the use
Q170: If prices increased, we need to adjust
Q171: Which of the following represents an income
Q172: If the price index is rising over
Q173: Suppose that the base year is 2015,
Q174: That portion of corporate profits which is
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