Which of the following is true?
A) Real GDP equals nominal GDP divided by the price level index, times one hundred.
B) In periods of inflation, real GDP growth will tend to be greater than nominal GDP growth.
C) In a country with a growing population, real GDP could be falling at the same time that real GDP per capita was rising.
D) Marrying one's housekeeper would leave reported GDP unchanged.
E) All of the underground economy represents income from illegal sources, such as drug dealing.
Correct Answer:
Verified
Q81: Gross national product is equal to:
A)gross domestic
Q85: Depreciation is:
A)income earned but not received.
B)an allowance
Q87: If real GDP increased by 2% and
Q93: If real GDP increased by 2% and
Q128: National income is equal to:
A)GDP minus indirect
Q129: GDP that has been adjusted for changes
Q132: Household income after taxes is called:
A)national income.
B)gross
Q134: A price index can fall from one
Q135: Personal income:
A)is a measure of the income
Q138: If nominal GDP increased from $5,000 billion
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