GDP can increase at a faster rate than real GDP: e. only if there is inflation.
ID: 1188671 • Letter: G
Question
GDP can increase at a faster rate than real GDP:
e. only if there is inflation.
If our output of goods and services rises, then:
d. GDP definitely stayed the same.
Assume that from 2007 to 2009 the U.S. economy experiences inflation. Also, assume that GDP remains constant from 2007 to 2009. Therefore:
d. no conclusion can be reached as to whether real GDP rises, falls, or remains the same.
Which of the following statements is true?
d. The purchase of a new factory is counted in the investment sector of GDP.
The GDP is the value of all final goods and services produced:
d. by domestically controlled companies.
National Income is about _____ percent of GDP.
a. only if there is a decline in the price level. b. only if the unemployment rate is increasing. c. only if the value of the dollar is stable. d. only if the population is growing.e. only if there is inflation.
If our output of goods and services rises, then:
a. real GDP definitely rose. b. real GDP definitely fell. c. GDP definitely rose.d. GDP definitely stayed the same.
Assume that from 2007 to 2009 the U.S. economy experiences inflation. Also, assume that GDP remains constant from 2007 to 2009. Therefore:
a. real GDP rises. b. real GDP falls. c. there is no change in real GDP.d. no conclusion can be reached as to whether real GDP rises, falls, or remains the same.
Which of the following statements is true?
a. GDP is greater than national income, which is greater than NDP. b. Government spending is the largest sector of GDP. c. A Social Security check sent to a retiree is counted as part of GDP.d. The purchase of a new factory is counted in the investment sector of GDP.
The GDP is the value of all final goods and services produced:
a. within the nations boundaries. b. by domestically owned companies. c. by citizens of the country.d. by domestically controlled companies.
National Income is about _____ percent of GDP.
a. 25 b. 45 c. 65 d. 85 e. 100Explanation / Answer
1. Answer E - only if there is inflation
If nominal GDP increase faster than real GDP so there has been in the economy. Nominal GDP is measure as the total output is just multiplied by the level of prices.
2. Answer A -Real GDP definitly rose.
We know that Real GDP is the inflation control measures- it is the value of all goods and services produced in a economy. So the goods and services increases the real GDP must be increase.
3.Answer B- Real GDP falls
When the economy experiences inflation and the aggregate demand is constant then real GDP and employment of the country will be fall.
4. answer E- The purchase of a new factory is included in the investment sector of GDP
5.Answer A- Within the nations bounderies
It is the money value of all goods and services produced in a country during a year, within the domestic bounderies.
6. Answer D-85
We know that GDP is greater than national income. National income is the some part of the GDP of the country.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.