If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is

Economists generally define economic growth as an increase in the nominal income of the population

a. True b. False Indicate whether the statement is true or false

The four sources of income for the household are

a. taxes, subsidies, imports, interest b. taxes, interest, rent, rebates c. interest, rebates, rent, taxes d. wages, taxes, imports, interest e. wages, rent, interest, profits