Author Question: If the nominal gross domestic product (GDP) for a year is 5.4 trillion, and the real gross domestic ... (Read 120 times)

ishan · **on:** Jun 30, 2018

If the nominal gross domestic product (GDP) for a year is 5.4 trillion, and the real gross domestic product (GDP) for the same year is 3.6 trillion, the GDP price index is _____.
a. 0.667
b. 150
c. 66.67
d. 50
e. 33.33

Question 2

The American Recovery and Reinvestment Act, signed by President Barack Obama in 2009, aimed at:
a. stimulating the aggregate demand in the economy.
b. removing the supply bottlenecks in the economy.
c. closing an expansionary gap through a contractionary fiscal policy.
d. ensuring free trade flows across the world.
e. providing higher unemployment benefits to the residents of the economy.