The table below shows the price indexes and the nominal gross domestic product (GDP) for an economy from 2001 to 2005.The real GDP _____ between 2004 and 2005.
Table 6.3
A) increased by about $5 billion
B) decreased by about $5 billion
C) remained almost constant
D) increased by about $2 billion
E) decreased by about $2 billion
Correct Answer:
Verified
Q81: The GDP price index:
A)measures the average price
Q91: If nominal gross domestic product (GDP)for a
Q96: If the nominal gross domestic product (GDP)for
Q101: We can conclude that there has been
Q102: If the real gross domestic product (GDP)for
Q103: If the real gross domestic product (GDP)for
Q106: _ is measured in terms of current-year
Q112: Real gross domestic product (GDP)is measured in
Q115: Real gross domestic product (GDP)shows:
A)total spending on
Q116: Which of the following is true about
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