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Author Question: If the nominal gross domestic product (GDP) for a year is 5.4 trillion, and the real gross domestic ... (Read 79 times)

ishan

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on: Jun 30, 2018
If the nominal gross domestic product (GDP) for a year is 5.4 trillion, and the real gross domestic product (GDP) for the same year is 3.6 trillion, the GDP price index is _____.
 a. 0.667
  b. 150
 c. 66.67
  d. 50
 e. 33.33

Question 2

The American Recovery and Reinvestment Act, signed by President Barack Obama in 2009, aimed at:
 a. stimulating the aggregate demand in the economy.
 b. removing the supply bottlenecks in the economy.
 c. closing an expansionary gap through a contractionary fiscal policy.
 d. ensuring free trade flows across the world.
 e. providing higher unemployment benefits to the residents of the economy.


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jennafosdick

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

b

Answer to Question 2

a


ishan

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Reply 2 on: Jun 30, 2018
Excellent

kusterl

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Reply 3 on: Yesterday
:D TYSM

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