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Author Question: Why is it important to use real GDP rather than nominal GDP figures when making comparisons of ... (Read 9 times)

futuristic

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on: Jun 30, 2018
Why is it important to use real GDP rather than nominal GDP figures when making comparisons of output across time periods?
 a. The real GDP figures are a better measure of changes in the general level of prices.
  b. The real figures will reflect changes in the quantity of output and not changes in the general level of prices.
  c. The real figures will reflect changes in the general level of prices as well as changes in the quantity of output.
  d. The real GDP figures adjust for changes in the level of employment.

Question 2

A change in which of the following would shift the aggregate demand curve?
 a. Consumption (C)
  b. Investment (I)
  c. Government spending (G)
  d. Net Exports (NX)
  e. All of these


Tabitha_2016

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

b

Answer to Question 2

e


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