Real GDP and GDP differ because the former
A) includes transactions in the underground economy.
B) has been adjusted for changes in the average price level.
C) includes the effects of the trade deficit.
D) excludes net exports.
Correct Answer:
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Q190: If real GDP grew by 5 percent
Q191: Which component of GDP is most likely
Q192: When the GDP deflator rises,
A)GDP definitely rises.
B)GDP
Q193: If real GDP is decreasing,
A)GDP must be
Q194: Since 1969,our GDP in current dollars has
A)increased
Q196: GDP is $8 trillion.If net exports are
Q197: Which of the following is currently not
Q198: Gross domestic product includes
A)only intermediate goods and
Q199: Real GDP
A)will increase in a given year
Q200: Suppose that GDP increases in 1999 but
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