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Author Question: If the nominal gross domestic product (GDP) for a particular year is 4 trillion and the real GDP for ... (Read 127 times)

@Brianna17

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  • Posts: 550
on: Jun 30, 2018
If the nominal gross domestic product (GDP) for a particular year is 4 trillion and the real GDP for that year is 3 trillion, then the GDP price index is 133.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In 2016, Social Security and Medicare payments accounted for almost _____ of federal outlays.
 a. 7 percent
 b. 25 percent
  c. 15 percent
  d. 38 percent
  e. 52 percent


miss.ashley

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  • Posts: 371
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


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