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Author Question: Based on the notation presented in Chapter 2, which of the following expressions represents nominal ... (Read 56 times)

formula1

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on: Jun 30, 2018
Based on the notation presented in Chapter 2, which of the following expressions represents nominal GDP?
 
  A) Yt
  B) PtYt
  C) Yt/Pt
  D) Yt/Pt

Question 2

Prices for which of the following are included in the GDP deflator, but not included in the Consumer Price Index?
 
  A) firms' purchases of new equipment
  B) intermediate goods and services
  C) consumption of goods
  D) consumption of services


s.meritte

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


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