To compare the change in physical production (GDP) between 2012 and 2018, we should compare ________ GDP in 2012 with ________ GDP in 2018.
A) real; real
B) real; nominal
C) nominal; nominal
D) current dollar; current dollar
Correct Answer:
Verified
Q126: Real GDP is measured in _ prices;
Q127: If prices in the current year are
Q128: Nominal GDP measures the _ of production.
A)change
Q129: Assume an economy produces only footballs and
Q130: Assume an economy produces only footballs and
Q132: Assume an economy produces only hamburgers and
Q133: Comparisons of economic activity over time should
Q134: Bob's Barber Shop cut 3,000 heads of
Q135: Bob's Barber Shop cut 3,000 heads of
Q136: Real GDP measures the _ of production.
A)change
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