Nominal GDP is another term for
a. current dollar GDP.
b. constant dollar GDP.
c. adjusted dollar GDP.
d. relative value GDP.
a
Economics
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A restaurant buys fish to offer as a daily menu special. The purchase of the fish by the restaurant is
A) an intermediate good. B) part of net exports if the fish was caught beyond the U.S. border. C) an investment. D) an example of government expenditures on goods and services. E) a consumption expenditure.
Economics
The figure above shows two Lorenz curves, one before income redistribution and one after income redistribution. The difference between the two curves equals
A) market income. B) money income. C) the redistribution of income. D) the amount of taxes paid.
Economics