a. Nominal GDP for all the years

The factor payments measure of GDP   a. is found by summing all interest, profit, rent, and wages and salaries generated during the year   b. calculates how much workers paid for goods and services during the year   c. is found by summing all expenditures on final goods and services during the year   d. can be expressed as GDP = C + I + G + NX

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.

If nominal GDP is $15000 million and real GDP is 12,000 million Find GDP deflator

How do other methods of measuring living standard compare with GDP

The largest component of GDP is   a. private consumption expenditures   b. private investment spending   c. tax revenue   d. government purchases of goods and services   e. the nation's capital stock

Discuss various ways of measuring the size of the national deb

What calculation gives the best indication of economic well-being? Onominal GDP divided by the number of workers nominal GDP divided by the population Oreal GDP divided by the population real GDP divided by the number of workers.

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We use market values to measure GDP because  a. We want to compare different types of goods  b. There are no other measures available  c. We only buy goods and services from various types of markets  s. Imported goods are valued using foreign currencies