Author Question: If nominal gross domestic product (GDP) for a particular year is 6 trillion and real gross domestic ... (Read 252 times)

aabwk4 · **on:** Jun 30, 2018

If nominal gross domestic product (GDP) for a particular year is 6 trillion and real gross domestic product (GDP) for that year is 5 trillion, then the GDP price index for that year is _____.
a. 1.2
b. 17
c. 20
d. 83
e. 120

Question 2

Which of the following factors did not contribute to the federal budget surpluses in the 1990s?
a. Higher taxes on the rich
b. More federal government spending discipline
c. Market globalization
d. Slower consumer spending
e. Rising business optimism based on technological innovation