In the year 2008,suppose that GDP is $15 trillion and the GDP deflator is 150.In the year 2009,GDP is $20 trillion and the GDP deflator is 200.Which one of the following is true?
A) Real GDP is greater in 2009 than in 2008.
B) Real GDP is greater in 2008 than in 2009.
C) Real GDP is the same in 2008 and 2009.
D) There is not enough information to determine if real GDP rose,fell,or remained the same.
Correct Answer:
Verified
Q146: Real GDP is the
A)amount of goods and
Q147: Statement I: Both final and intermediate goods
Q148: If GDP in 2008 exceeds GDP in
Q149: If GDP rose from 8000 to 10,000
Q150: Which of the following items would be
Q152: In 1984,the base year,GDP was 3000.In 1988
Q153: The fact that GDP has risen faster
Q154: In 1991,the base year,GDP was 5000.In 1993
Q155: GDP that has been adjusted for changes
Q156: An increase in depreciation will do which
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