Author Question: The GDP deflator is the A) difference between real GDP and nominal GDP multiplied by 100. B) ... (Read 97 times)

saraeharris · **on:** Jun 29, 2018

The GDP deflator is the

A) difference between real GDP and nominal GDP multiplied by 100.
B) difference between nominal GDP and real GDP divided by 100.
C) ratio of nominal GDP to real GDP multiplied by 100.
D) ratio of real GDP to nominal GDP multiplied by 100.

Question 2

You earn 500 a month, currently have 200 in currency, 100 in your checking account, 2,000 in your savings accounts, 3,000 worth of illiquid assets and 1,000 of debt. You have

A) money = 300, annual income = 6,000, and wealth = 5,000.
B) money = 2,300, annual income = 6,000, and wealth = 5,000.
C) money = 300, annual income = 6,000, and wealth = 4,300.
D) money = 200, annual income = 500, and wealth = 4,300.