Author Question: Suppose in a given year, GDP was 7,242 billion and the GDP chain price index for that year is 117.5 ... (Read 38 times)

CQXA · **on:** Jun 30, 2018

Suppose in a given year, GDP was 7,242 billion and the GDP chain price index for that year is 117.5 . Real GDP is:
a. 5,488 billion.
b. 6,163 billion.
c. 6,740 billion.
d. 7,789 billion.

Question 2

Which of the following would cause a rightward shift in the aggregate supply curve?
a. Larger-than-expected wage increases.
b. Lower oil prices.
c. Increased investment spending.
d. Greater government regulation.