« previous next »

Author Question: In 1990, U.S. nominal GDP was 5,744 billion and the GDP chain price index is 93.6 . Real GDP is: a. ... (Read 69 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 30, 2018
In 1990, U.S. nominal GDP was 5,744 billion and the GDP chain price index is 93.6 . Real GDP is:
 a. 6,137 billion.
  b. 5,376 billion.
  c. 6,000 billion.
  d. 6,376 billion.

Question 2

In the intermediate range of the aggregate supply curve, higher aggregate demand will increase:
 a. both the price level and real GDP.
  b. real GDP without raising the price level.
  c. the price level without affecting real GDP.
  d. the price level but reduce real GDP.


heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Peptide Chain Peptide Chain
Simple amplification of 1kb DNA fragments by polymerase chain reaction. Simple amplification of 1kb DNA fragments by polymerase chain reaction.
How to find the derivatives of trigonometric functions using the chain rule (Part 1) How to find the derivatives of trigonometric functions using the chain rule (Part 1)
To find derivative us the chain rule To find derivative us the chain rule
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Real skeleton of a lion Real skeleton of a lion
Video: Introduction to Diabetes

For a complete list of videos, visit our video library