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Author Question: In contrast with nominal GDP, real GDP refers to nominal GDP: a. minus exports. b. minus personal ... (Read 88 times)

lindiwe

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on: Jun 30, 2018
In contrast with nominal GDP, real GDP refers to nominal GDP:
 a. minus exports.
  b. minus personal income taxes.
  c. corrected for price changes.
  d. corrected for depreciation.

Question 2

Which of the following correctly describes the aggregate supply curve?
 a. A curve that shows the level of real GDP demanded at different possible price levels.
  b. A curve that shows the level of real GDP produced at different possible price levels.
  c. A curve that shows the level of quantity supplied by firms in a market at different possible prices, such as the supply of oranges in the oranges market.
  d. None of the above.


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Cnarkel

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

c

Answer to Question 2

b


lindiwe

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cpetit11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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