Author Question: If the real gross domestic product (GDP) is 5 trillion for a particular year and the GDP price index ... (Read 108 times)

big1devin · **on:** Jun 30, 2018

If the real gross domestic product (GDP) is 5 trillion for a particular year and the GDP price index is 140, then the nominal GDP is 7 trillion.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Since 1929, the distribution of income in the United States has become:
a. substantially more equal.
b. slightly more equal.
c. slightly more unequal.
d. substantially more unequal.