If economists calculate the GDP for 2009, using current prices of year 2009, what are they estimating?

(A) Net national product
(B) Real GDP
(C) Nominal GDP
(D) Depreciation

Ans: (C) Nominal GDP

Economics

You might also like to view...

Refer to Scenario 15.6. The expected NPV of the computer purchase is approximately

A) $3,200. B) $5000. C) $10,000. D) $68,000. E) $96,000.

Economics

Why are high domestic savings rates important?

What will be an ideal response?

Economics