Author Question: Most government purchases are made at the federal level and not at the state level. a. True b. ... (Read 127 times)

frankwu · **on:** Jun 30, 2018

Most government purchases are made at the federal level and not at the state level.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The nominal gross domestic product (GDP) for a country was 1,000 in 2003 and 1,500 in 2004 . The GDP price index was 100 in 2003 and 150 in 2004 . Between 2003 and 2004, real GDP _____.
a. increased by 500
b. increased by 333
c. increased by 50
d. remained the same
e. decreased by 50