Based on the notation presented in Chapter 2, which of the following expressions represents real GDP?

A) Yt
B) PtYt
C) Yt/Pt
D) $Yt/Pt

A

Economics

You might also like to view...

Compare the distribution of income in the United States with the distribution of income in other high-income countries

What will be an ideal response?

Economics

Which of the following causes an increase in demand for a normal good?

A) increase in the price of a substitute B) increase in the price of a complement C) decrease in price D) decrease in income

Economics