Author Question: Which of the following economic variables is exogenous in the Three-Sector-Model? a. Government ... (Read 91 times)

futuristic · **on:** Jun 30, 2018

Which of the following economic variables is exogenous in the Three-Sector-Model?
a. Government spending on goods and services.
b. Real GDP.
c. GDP price index.
d. Quantity of the domestic currency per time period.
e. None of the above.

Question 2

If the annual inflation rate is higher than 0, which of the following statements is correct?
a. The specific country is experiencing hyperinflation when viewed over a long period of time.
b. Real GDP growth must be higher than nominal GDP growth.
c. Nominal GDP growth must be higher than real GDP growth.
d. Nominal GDP growth is only higher than real GDP growth if real GDP growth is positive.
e. Nominal GDP growth must be positive.