Nominal GDP is calculated using
A. the market prices during the year under consideration.
B. the prices from some base year to adjust for price changes.
C. the prices from the preceding year.
D. the average of prices from the three preceding years.
Answer: A
Economics
You might also like to view...
An increase in the desired stock of housing would be caused by ________
A) an increase in household formation B) higher residential consumption C) a decrease in expected future income D) an increase in home prices
Economics
__________ are backup or secondary plans to be used in case the first plan does not work out
a. Unilateral b. Directional c. Multilateral d. Contingency
Economics