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Author Question: All of the following are tangible goods except: a. a skateboard. b. a desk. c. a train locomotive. ... (Read 24 times)

karateprodigy

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on: Jun 30, 2018
All of the following are tangible goods except:
 a. a skateboard.
 b. a desk.
 c. a train locomotive.
  d. fairness.

Question 2

Nominal GDP is 10,000 billion in 2011, but real GDP is only 9,000 . It follows that:
 a. the GDP deflator is equal to 111.
 b. the GDP deflator is equal to 100.
 c. the GDP deflator is equal to 90.
 d. prices must have decreased relative to the base year.


kthug

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

d

Answer to Question 2

a


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