The GDP deflator is designed to adjust nominal GDP
a. for changes in the unemployment rate.
b. for changes in prices.
c. for problems that arise because of externalities.
d. for changes in interest rates.
B
Economics
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If as a result of NAFTA the demand for American exports rises, it would tend to increase the exchange value of the U.S. dollar as a result
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is a positive statement?
A) We need to carefully protect our borders. B) Inflation is the most damaging thing that can occur in an economy. C) When tax revenues are less than government spending there is a budget deficit. D) Foreign aid should be reduced to help reduce the national debt.
Economics