When one converts nominal GDP to real GDP, one takes into account which of the following?
A. changes in the distribution of income
B. changes in the quality of goods
C. changes in the population
D. none of these
Answer: D
Economics
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The phrase, "Google stock soared Friday, continuing Wall Street's love affair with the company," implies that Google's earnings were much more than it was expected in that quarter
a. True b. False Indicate whether the statement is true or false
Economics
If the government sought to end a recession, which of the following would be an appropriate policy?
a. Increase taxes b. Decrease government purchases. c. Decrease taxes and increase government purchases. d. None of the above
Economics