To eliminate an inflationary gap, the aggregate demand curve should

Nominal GDP in 1970 was $1035.6 billion, and in 1980 it was $2784.2 billion. The GDP price index was 30.6 for 1970 and 60.4 for 1980, where 1992 was the base year. Calculate the percent change in real GDP in the decade from 1970 to 1980

Round off to the nearest percentage point. A) 36% B) 97% C) 136% D) 169%

Which of the following statements provides the most accurate description of the employment growth rate in various sectors of the economy between 1860-1910?

a. All major sectors grew with the exception of agriculture and construction. b. All major sectors grew, and agriculture grew the most. c. The manufacturing sector grew the most, followed by railroads, but agricultural employment decreased. d. All major sectors grew, and railroads grew the most.