When calculating nominal GDP, the volume of output is measured using? Multiple Choice weight. the market value adjusted for inflation. the number of people employed. the current market value.
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When calculating nominal
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weight.
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the market value adjusted for inflation.
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the number of people employed.
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the current market value.
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- "0 Consider the diagram to the right, and answer the questions below. a. The base year is b. The diagram shows that the Nominal GDP curve exhibits a steeper growth path, compared to the Real GDP curve after their intersection. This indicates OA. this country has experienced no change in the general price level. OB. this country has experienced inflation since the base year. OC. the GDP deflator has declined since the base year. OD. this country has experienced deflation since the base year. pe here to search OWhat is the nominal gdp for 2007.GDP is equivalent to: Consumption Price Level Inflation Investment Real Income
- what is gross domestic product?how to calculate gross national income from gross domestic productThe GNP of a country is $200 billion, receipts of factor income from the rest of the world are $10 billion, payments of factor income to the rest of the world are $30 billion, and depreciation is $25 billion. What is the GDP and the Net National Product?
- Which of the following would be captured and included in the calculation of GDP? A) The cost of hospital stays. The rise in life expectancy over time. (C) Child care provided by a licensed day care center. Child care provided by a grandmother at home. A used car sale to the Brown family. A new car sale to the Brown family. (G) The greater variety of cheese available in supermarkets. The iron that goes into the steel that goes into a refrigerator bought by the Brown family.The GDP deflator of the country is 1.5 and it's nominal GDP is 800 million. Calculate the real gdp.Find the national income
