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Author Question: If the real gross domestic product (GDP) is 5 trillion for a particular year and the GDP price index ... (Read 52 times)

big1devin

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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.


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stano32

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

True

Answer to Question 2

b


big1devin

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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