If the nominal gross domestic product (GDP) for the year 2000 was $6.2 trillion and the price index was 200, the real gross domestic product (GDP) for 2000 was _____
a. $3.1 trillion
b. $6.2 trillion
c. $12.4 trillion
d. $18.6 trillion
e. $24.3 trillion
a
Economics
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In the above figure, to achieve efficiency, the government should
A) impose a tax of $2 per unit. B) impose a tax of $3 per unit. C) offer a subsidy of $2 per unit. D) offer a subsidy of $3 per unit.
Economics
The Sherman Act of 1890 outlawed:
A. Monopoly pricing and foreign trade B. Price discrimination and monopoly profits C. Restraint of trade and monopolization D. Foreign trade and monopolization
Economics