Which of the following is a nominal quantity?
A) The number of people unemployed
B) The current price of a barrel of oil
C) The number of cars produced in 2005
D) The amount of coal mined in one month
Correct Answer:
Verified
Q21: In 1929, the CPI equaled 0.171 and
Q24: If the CPI equaled 1.43 in 2008
Q25: A measurement in terms of current dollar
Q26: Which of the following is a real
Q31: The CPI in 1930 equaled 0.17. The
Q34: Deflation is a situation in which the:
A)quantity
Q35: The _ is the rate of change
Q40: The situation when the price of most
Q50: To compare the purchasing power of nominal
Q60: All of the following are real quantities
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