Nominal GDP means the value of goods and services is measured in ______ prices.
A) current
B) real
C) constant
D) average
Correct Answer:
Verified
Q22: The underground economy:
A) is included in the
Q23: Real GDP is measured in _ prices
Q24: When a firm sells a product out
Q25: In principle, the GDP accounts should-but do
Q26: The best measure of the economic satisfaction
Q28: Assume that apples cost $0.50 in 2002
Q29: The value added of an item produced
Q30: Assume that a rancher sells McDonald's a
Q31: Real GDP means the value of goods
Q32: Assume that a tire company sells 4
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