Nominal GDP in a given year is GDP
A) valued in the prices of the base year.
B) valued in the prices of that year.
C) adjusted for inflation.
D) adjusted for the value of intermediate goods.
B
Economics
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The key difference between the primary and secondary bond markets is that __________ bonds are traded on the primary market, while __________ bonds are traded on the secondary market
a. newly issued; previously issued b. government; corporate c. more valuable; less valuable d. low risk; high risk e. high yield; low yield
Economics
Because the minimum wage is not indexed to inflation, when there is inflation the nominal minimum wage ________, and the real minimum wage ________.
A. increases; decreases B. decreases; remains constant C. remains constant; decreases D. remains constant; remains constant
Economics