Which of the following statements is true?
A) The inclusion of intermediate goods and services into GDP calculations would underestimate our nation's production level.
B) The expenditure approach sums the compensation of employees, rents, profits, net interest and non-income expenses for depreciation and indirect business taxes.
C) Real GDP has been adjusted for changes in the general level of prices due to inflation.
D) Real GDP equals nominal GDP multiplied by the GDP deflator.
Correct Answer:
Verified
Q104: The calculation of the GDP chain price
Q105: The GDP implicit price deflator is:
A) a
Q106: Intermediate goods are included in calculating gross
Q107: In very simple economies, a community's saving
Q108: Real GDP can be calculated using which
Q110: Real GDP measures a value of a
Q111: The current account balance is equal to:
A)
Q112: The difference between gross investment and net
Q113: GDP is the sum of exports, consumer
Q170: Capital goods, like factories and machinery, are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents