Refer to the data. If year 2 is chosen for the base year, in year 3 nominal GDP and real GDP, respectively, are:
Assume an economy that is producing only one product. Output and price data for a three-year period are as follows. Answer the question on the basis of these data.
A. $180 and $30.
B. $30 and $5.
C. $180 and $120.
D. $120 and $100.
C. $180 and $120.
Economics
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Which of the following does NOT cause a shift in demand?
A) change in income B) change in tastes C) change in the price of the good D) change in the price of a related good
Economics
Which of the following financial investments is highly liquid and has very little risk but offers a low rate of return?
a. Savings account b. Mutual fund c. Certificate of deposit d. Treasury bond
Economics