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Author Question: If nominal GDP increased from 5,000 billion in 2010 to 5,500 billion in 2011 and the GDP deflator ... (Read 61 times)

piesebel

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on: Jun 30, 2018
If nominal GDP increased from 5,000 billion in 2010 to 5,500 billion in 2011 and the GDP deflator increased from 130 to 140 over the same time period, what would the 2011 real GDP equal expressed in terms of 2010 dollars?
 a. 4,643 billion
  b. 5,107 billion
  c. 5,385 billion
  d. 5,500 billion

Question 2

Consumption, saving, and wealth all represent stock concepts because they are measured over a period of time.
 a. True
  b. False
  Indicate whether the statement is true or false


Harbringer

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

b

Answer to Question 2

False


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