Real GDP equals nominal GDP
a. minus exports.
b. corrected for changes in the price level.
c. minus personal income taxes.
d. minus retail sales taxes.
B
Economics
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An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue
A) variable B) model C) market D) trade-off
Economics
In the Full Employment and Balanced Growth Act of 1978, Congress set a target rate of unemployment. The nation achieves this target rate
a. in most years b. at least once a year c. only rarely d. in election years e. at least once every five years
Economics