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Author Question: In a given year, U.S. nominal GDP was 2,784 billion and the GDP chain price index for that year is ... (Read 98 times)

theo

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on: Jun 30, 2018
In a given year, U.S. nominal GDP was 2,784 billion and the GDP chain price index for that year is 60.4 . Real GDP is:
 a. 1,682 billion.
  b. 4,609 billion.
  c. 3,889 billion.
  d. 4,000 billion.

Question 2

In the aggregate demand/aggregate supply model, a country's full-employment real GDP is represented by:
 a. prices.
  b. aggregate demand.
  c. aggregate supply.
  d. an increase in the general level of prices.


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Swizqar

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

b

Answer to Question 2

c


theo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

phuda

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Reply 3 on: Yesterday
Excellent

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