« previous next »

Author Question: In 1990, U.S. nominal GDP was 5,744 billion and the GDP chain price index is 93.6 . Real GDP is: a. ... (Read 65 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 30, 2018
In 1990, U.S. nominal GDP was 5,744 billion and the GDP chain price index is 93.6 . Real GDP is:
 a. 6,137 billion.
  b. 5,376 billion.
  c. 6,000 billion.
  d. 6,376 billion.

Question 2

In the intermediate range of the aggregate supply curve, higher aggregate demand will increase:
 a. both the price level and real GDP.
  b. real GDP without raising the price level.
  c. the price level without affecting real GDP.
  d. the price level but reduce real GDP.


heyhey123

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
The polymerase chain reaction (PCR). The polymerase chain reaction (PCR).
Example of CPT conventions in the Index. Example of CPT conventions in the Index.
Cranial polarization. Lightly place both thumbs on the anterior fontanel, with both index fingers ... Cranial polarization. Lightly place both thumbs on the anterior fontanel, with both index fingers ...
Assembly of a к light-chain gene in a B cell Assembly of a к light-chain gene in a B cell
Video: Introduction to Insulin

For a complete list of videos, visit our video library