« previous next »

Author Question: Which of the following is true? a. Real GDP equals nominal GDP divided by the current price level ... (Read 62 times)

naturalchemist

  • Hero Member
  • *****
  • Posts: 542
on: Jun 30, 2018
Which of the following is true?
 a. Real GDP equals nominal GDP divided by the current price level index, times one hundred.
 b. In periods of inflation, real GDP growth will tend to be greater than nominal GDP growth.
 c. In a country with a growing population, real GDP could be falling at the same time that real GDP per capita was rising.
  d. Marrying one's housekeeper would leave reported GDP unchanged.

Question 2

Which of the following would economic freedom lead to?
 a. A higher standard of living
  b. Better living conditions
  c. Longer life expectancy
  d. Better education
  e. All of these


zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Lake 226 at the Experimental Lakes Area divided in half. Lake 226 at the Experimental Lakes Area divided in half.
Nuclear division at the DNA level Nuclear division at the DNA level
Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the
Current Geopolitics and Civil Liberties Current Geopolitics and Civil Liberties
The Nile Delta will be strongly affected by a rise in sea level of 50 cm The Nile Delta will be strongly affected by a rise in sea level of 50 cm
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Video: Adolescent Diabetes

For a complete list of videos, visit our video library