Use the following to answer questions :
Scenario: Good A and Good B
-(Scenario: Good A and Good B) Look at the Scenario Good A and Good B. With 2009 as the base year, real GDP in 2009 was _____ GDP in _____.
A) equal to real; 2010
B) equal to nominal; 2009
C) greater than real; 2010
D) greater than nominal; 2011
Correct Answer:
Verified
Q424: Value added is equal to the value
Q425: Purchases of imported products are:
A)subtracted from GDP.
B)considered
Q426: Use the following to answer questions :
Q427: Use the following to answer questions :
Scenario:
Q428: Use the following to answer questions :
Scenario:
Q430: Use the following to answer questions :
Scenario:
Q431: Which of the following is NOT included
Q432: Use the following to answer questions :
Q433: Double counting would occur if:
A)GDP were calculated
Q434: Spending on inputs is _ of GDP,
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