In contrast with nominal GDP, real GDP refers to nominal GDP: a. ...

[lindiwe]

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.

[Cnarkel]

Answer to Question 1

c

Answer to Question 2

b

[lindiwe]

Thanks for the timely response, appreciate it

[DylanD1323]

TYSM