According to the BEA, in the second quarter of 2011 nominal GDP was $15 trillion and in the second quarter of 2012 nominal GDP was $15.6 trillion. Based solely on this information, from the second quarter of 2011 to the second quarter of 2012
A) real GDP may have increased, decreased, or stayed the same.
B) real GDP definitely increased.
C) real GDP definitely decreased.
D) prices definitely increased.
Correct Answer:
Verified
Q176: An indirect tax is exemplified by
A) an
Q177: Q178: Q179: Rental income includes Q180: Which of the following best represents an Q182: Real Gross Domestic Product is Q183: Real GDP measures the Q184: _ gross domestic product is the value Q185: Potential GDP is the Q186: Which of the following is not a![]()
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A) the payment for the
A) the amount
A) total profits earned
A) the maximum amount
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