What explains any divergence between nominal and real GDP?
A) Constant prices
B) Changing prices
C) Constant output
D) Changing output
E) None of the above.
B
Economics
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A new U.S. tariff on Mexican avocados would be likely to: a. raise the price of avocados to U.S. consumers
b. increase U.S. consumption of domestically produced avocados. c. increase total U.S. consumption of avocados. d. do both a. and b.
Economics
An example of fiscal policy occurs when the government purchases fighter planes from a U.S. manufacturer.
Answer the following statement true (T) or false (F)
Economics