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Author Question: What is the relationship between real and nominal GDP? a. real GDP = nominal GDP Price level b. ... (Read 93 times)

sjones

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on: Jun 30, 2018
What is the relationship between real and nominal GDP?
 
  a. real GDP = nominal GDP  Price level
  b. nominal GDP = Real GDP/Price level
  c. real GDP = nominal GDP/Price level
  d. real GDP = nominal GDP + Price level.

Question 2

For the period we are studying (17891860), the United States
 
  (a) was a high tariff, protectionist nation.
  (b) derived the vast majority of federal revenues from the tariff.
  (c) was divided on the question of the tariff, with the South generally in opposition to it.
  (d) was characterized by all of the above.


aloop

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

C

Answer to Question 2

(d)


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