Angela pays Jordan $800 to build a fence for her house. He spends $600 for wood and nails at Home Depot and builds the fence. These events cause nominal GDP to increase by
A) $400.
B) $1,400.
C) $200.
D) $600.
E) $800.
Correct Answer:
Verified
Q1: Real GDP uses
A) constant prices to value
Q3: When nominal GDP is less than real
Q4: When real GDP decreases, what could not
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Q6: In 2015, the country of Adanac produced
Q7: Which statement about nominal and real GDP
Q8: When nominal GDP is greater than real
Q9: Which statement about nominal and real GDP
Q10: In 2015, the country of Adanac produced
Q11: Which statement about nominal and real GDP
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