Real GDP is:
A) the base year market value of all final goods and services produced domestically during a given period.
B) the current year market value of all final goods and services produced domestically during a given period.
C) usually greater than nominal GDP.
D) the current year market value of domestic production of intermediate goods.
Correct Answer:
Verified
Q89: In 2011, U.S. GDP totaled approximately:
A)$2.1 trillion
B)$2.8
Q90: Which of the following is true about
Q91: If nominal GDP increased from $5,000 billion
Q92: Household income after taxes is called:
A)national income.
B)gross
Q93: If real GDP increased by 2% and
Q95: GDP that has been adjusted for changes
Q96: Personal income includes:
A)income received in the form
Q97: Total income received by households is called:
A)national
Q98: If real GDP decreased by 1% and
Q99: Which of the following is a problem
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