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Author Question: GDP that has been adjusted for changes in the price level is called: a. nominal GDP. b. real GDP. ... (Read 40 times)

haleyc112

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on: Jun 30, 2018
GDP that has been adjusted for changes in the price level is called:
 a. nominal GDP.
 b. real GDP.
 c. personal income.
  d. net GDP.

Question 2

If disposable income rises from 15,000 to 20,000 and the marginal propensity to consume equals 0.9, then saving must increase by 500.
 a. True
  b. False
  Indicate whether the statement is true or false


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ankilker

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

b

Answer to Question 2

True


haleyc112

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

xthemafja

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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