When one converts nominal GDP to real GDP, one takes into account which of the following?
A) changes in the population
B) changes in the quality of goods
C) changes in the distribution of income
D) none of the above
Correct Answer:
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Q388: Q389: Q390: Real GDP is Q391: Which of the following statements is TRUE? Q392: Constant dollars are dollars Q394: Measuring total aggregate production in current dollars Q395: Real GDP is Q396: If a nation's nominal GDP is $3,257 Q397: Assume that the nominal GDP for a Q398: Nominal GDP is calculated using
A) the nominal value of
A)
A) corrected for general
A) nominal GDP adjusted for
A) the market
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