Real GDP is the production of goods and services valued at a price compared to a certain year.
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Q13: Capital income (profits, rental payments and interest
Q14: Over time, the three measures of GDP
Q15: Macroeconomics is:
A)the study of economics at the
Q16: Cyclical adjustments are used by statisticians to
Q17: Total transfer payments are included in GDP
Q19: According to the income-expenditure identity, the total
Q20: Nominal GDP always grows faster than real
Q21: Transfer payments are included under
A)consumption
B)investment
C)government purchases
D)none of
Q22: The four components of GDP are:
A)consumption, money
Q23: The value of the housing service provided
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