Nominal GDP differs from real GDP because ________.
A. real GDP is based on current prices
B. nominal GDP is based on constant prices
C. nominal GDP results from adjusting for changes in the price level
D. real GDP results from adjusting for changes in the price level
Answer: D
Economics
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The following interactions between binary and continuous variables are possible, with the exception of
A) Yi = ?0 + ?1Xi + ?2Di + ?3(Xi × Di) + ui. B) Yi = ?0 + ?1Xi + ?2(Xi × Di) + ui. C) Yi = (?0 + Di) + ?1Xi + ui. D) Yi = ?0 + ?1Xi + ?2Di + ui.
Economics
If you purchased shares of common stock in 1990 for $1,000 and sold them for $2,000 in 2001 you would be liable for taxes on
A. $2,000. B. $1,000 less the rate of inflation. C. $1,000. D. $2,000 less the rate of inflation.
Economics