Measured in 2014 dollars, real GDP per person in the United States in 2014 was about 10 times that in

Which one of the following will shift the consumption curve upward?

a. higher interest rates b. expectations that the economy will grow in the future c. a decrease in money holdings d. higher capacity utilization rates e. a tax cut

The GDP deflator for years subsequent to the base year measures the change in

a. nominal GDP from the base year that cannot be attributable to a change in real GDP. b. real GDP from the base year that cannot be attributable to a change in nominal GDP. c. nominal GDP from the base year that cannot be attributable to a change in prices. d. real GDP from the base year that cannot be attributable to a change in prices.