The GDP deflator:
A) takes government purchases into account, unlike the CPI.
B) takes business investment purchases into account, unlike the CPI.
C) is generally used to adjust nominal GDP to calculate real GDP.
D) All of the above are true.
Correct Answer:
Verified
Q116: Nominal GDP is $10,000 billion in 2011,
Q117: Which of the following is true?
A)Purchases of
Q118: Which of the following is included in
Q119: U.S. nominal GDP:
A)has historically increased more slowly
Q120: Suppose that nominal GDP did not change
Q122: GDP excludes:
A)business purchases of investment goods, such
Q123: If nominal GDP rises:
A)we can be sure
Q124: If Jim pays $1000 to John:
A)GDP will
Q125: The total dollar value of purchases in
Q126: If country A had a smaller underground
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents