Nominal GDP measures the value of current:
A) output at current prices.
B) output when prices are held constant.
C) income received by households.
D) investment spending by firms.
Correct Answer:
Verified
Q30: Which of the following statements is false?
A)
Q31: The expenditure-based GDP is equal to:
A) C+I+G+X.
B)
Q32: The income-based GDP is based on:
A) employment
Q33: Which of the following statements is false?
A)
Q34: Nominal GDP measures:
A) total incomes.
B) total output.
C)
Q36: By using the expenditures (aggregate expenditure) approach,
Q37: Intermediate goods are:
A) partly finished goods.
B) goods
Q38: Which is a good example of an
Q39: An increase in the economy's stock of
Q40: All of the following are components of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents