Nominal GDP measures the:
A) dollar value of all goods and services produced in an economy at a point in time.
B) the constant dollar value of all goods and services produced in an economy at a point in time.
C) dollar value of all goods and services produced in an economy during a specified time period.
D) the constant dollar value of all goods and services produced in an economy during a specified time period.
Correct Answer:
Verified
Q9: Real GDP is GDP:
A)in constant dollars.
B)in current
Q10: The difference between GDP and NNP is
Q11: Gross private domestic investment includes
A)durable goods.
B)residential structures.
C)financial
Q12: Net exports of goods and services equals:
A)imports
Q13: Imputed rental income is:
A)the money people receive
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