The nominal gross domestic product (GDP) for a country was $1,000 in 2003 and $1,500 in 2004 . The GDP price index was 100 in 2003 and 150 in 2004 . Between 2003 and 2004, real GDP _____

Because of the threat of arbitrage, the forward rate must equal the spot rate at all times

Indicate whether the statement is true or false

A front-page story in the New York Times carries the headline "War on Drugs Continues: 200 More Arrested.". On the editorial page, an opinion piece on the subject is titled "Do We Really Need the War on Drugs?" The opinion piece is more likely than the front-page story to

a. have macroeconomic content b. be fact-finding c. contain normative statements d. contain positive statements e. be less a matter of debate