GDP that has been adjusted for changes in the price level is called:
A) nominal GDP.
B) real GDP.
C) personal income.
D) net GDP.
E) net national income.
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
Q88: If real GDP increased by 2% and
Q93: If real GDP increased by 2% and
Q94: Real GDP is:
A)the base year market value
Q125: Personal income includes:
A)income received in the form
Q126: Nominal GDP is $10,000 billion in 2000,
Q128: National income is equal to:
A)GDP minus indirect
Q132: Household income after taxes is called:
A)national income.
B)gross
Q133: Which of the following is true?
A)Real GDP
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