In contrast with nominal GDP, real GDP refers to nominal GDP
a. minus exports.
b. minus personal income taxes.
c. corrected for price changes.
d. corrected for depreciation.
C
Economics
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The greatest expansion of the automobile industry occurred in the decade of the ______.
Fill in the blank(s) with the appropriate word(s).
Economics
Ted moves into his first apartment. He buys a barely used washer/dryer set from Craigslist and hires a company to pick it up and deliver it to his apartment. What about this transaction will be counted in GDP?
A. The value of the delivery service B. The value of the washer/dryer set and the delivery service C. Nothing about this transaction will count toward GDP D. The value of the washer/dryer set
Economics