Author Question: Nominal GDP measures the value of goods and services produced in a given year valued using A) ... (Read 40 times)

RODY.ELKHALIL · **on:** Jun 30, 2018

Nominal GDP measures the value of goods and services produced in a given year valued using

A) base year prices.
B) future prices.
C) prices of the same year.
D) constant prices.
E) no prices.

Question 2

The relationship between the nominal interest rate, the real interest rate, and the inflation rate is that the

A) real interest rate is equal to the nominal interest rate plus the inflation rate.
B) nominal interest rate is equal to the real interest rate plus the inflation rate.
C) real interest rate is equal to the nominal interest rate multiplied by the inflation rate.
D) nominal interest rate is equal to the real interest rate minus the inflation rate.
E) nominal interest rate is equal to the real interest rate divided by the inflation rate.