In a given year, U.S. nominal GDP was $5,744 billion and the GDP chain price index for that year is 93.6. Real GDP is:
A) $6,137 billion.
B) $5,376 billion.
C) $6,000 billion.
D) $6,376 billion.
Correct Answer:
Verified
Q90: Disposable personal income:
A) includes personal income taxes.
B)
Q131: When economists speak of changes in GDP
Q139: To get Personal Income from National Income,
Q141: In a given year, U.S. nominal GDP
Q142: The most broadly based price index is
Q143: Exhibit 11-5 GDP data (billions of dollars)
Q145: Exhibit 11-6 GDP data (billions of dollars)
Q146: The GDP chain price index is designed
Q147: Exhibit 11-5 GDP data (billions of dollars)
Q148: Exhibit 11-4
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