If nominal gdp is $5 trillion and real gdp is $4 trillion. the gdp deflator is


QUESTION 10 If nominal GDP is $5 trillion and real GDP is $4 trillion, the GDP deflator is 12.5. 125. 80. 800.
$1,200 $500. $800. QUESTION 10 If nominal GDP is $5 trillion and real GDP is $4 trillion, the GDP deflator is 12.5. 125. 80.
QUESTION 11 In 2009 Kuwaits nominal GDP declined by 30 percent, while the economy registered growth of more than 4 percent.
QUESTION 12 Which of the following statements is true? OGDP growth distributes income equally to people in the economy. A dec
QUESTION 13 Which of the following is not an example of a transfer payment? social security payments to disabled persons heal
QUESTION 14 real GDP. If the GDP deflator is less than 100, then for that year nominal GDP may be greater than or less than i
QUESTION 15 The GDP deflator in year 2 is 105, using year 1 as the base year. This means that, on average, the cost of goods
QUESTION 16 Gross Domestic Product is calculated by summing up the total market value of goods and services in the economy. t
QUESTION 17 The sum of the value added of every firm involved in producing all final goods and services O is greater than equ
QUESTION 18 Macroeconomics, as opposed to microeconomics, includes the study of what determines the quantity of Dell employee
QUESTION 19 Which of the following would be directly counted in GDP in 2007? kitchen cabinets purchased from Home Depot in 20
QUESTION 20 If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be less than 100. equal to 100. l

Answer

10) b) 125 11) not swe. 12 d 13 b) 14) b) is less than 15) 18) c) :9) a) 20)) 16) d) 17) b)

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