Nominal GDP is measured in
A) current-year prices
B) base-year prices
C) real dollars
D) quantity of goods produced
E) hours of employment
Correct Answer:
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Q96: If nominal GDP increases by 4 percent,
Q153: Nominal GDP is a better measure of
Q154: If real GDP increased by 3 percent,then
A)real
Q155: If the CPI rises in one year
Q157: If nominal GDP increases by 3 percent
Q159: If the price index for 2008 was
Q160: If the GDP deflator is 100 this
Q161: We can conclude that there has been
Q162: If the CPI this year is 162
Q163: In order to convert nominal GDP to
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