
Historically, nominal GDP in the United States has been increasing faster than real GDP because
A) technology has been increasing, resulting in more efficient production.
B) the general price level has been decreasing.
C) indirect business taxes have been increasing.
D) the general price level has been increasing.
E) total output in the economy has been decreasing.
Correct Answer:
Verified
Q20: Which of the following will count in
Q22: What is a consumer price index?
A) A
Q23: Which of the following is included in
Q24: C + I + G + X
Q26: Which of the following is subtracted from
Q26: Net national product is defined as
A) national
Q27: Nominal GDP
A) has been adjusted for changes
Q28: We face taxes every day. Sales, excise,
Q29: Gross domestic product is the sum of
A)
Q30: GDP can be calculated by adding
A) wages,
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