- If real GDP in 2016 using 2015 prices is higher than nominalGDP of 2016, then
O A. nominal GDP in 2016equals nominal GDP in 2015.
O B. real GDP in 2016 islarger than real GDP in 2015.
O C. prices in 2016 are higher than prices in the base year.
O D. prices in 2016 are lower than prices in the base year.
- When GDP is measured using \"adjustments for price changes\" itis known as the
O A. nominal GDP.
O B. real GNP,
O C. real GDP.
O D. nominal GNP.
- Between a trough and a peak, the economy goes through a(n)
O A. recession.
O B. expansion.
O C. bust
O D. hyperinflation.
- Classiiying discouraged workers as unemployed would
O A. have an indeterminateimpact on the unemployment rate.
O B. increase the unemploymentrate.
O C. not change the unemployment rate.
O D・ decrease the unemploymentrate.
- In which of the following markets are funds demanded andsupplied?
O A. the factor market
O B. the money market
O C. the goods and servicesmarket
O D. the labor market
- Which of the following is included in both the U.S. GDP andGNP?
O A. The value of carsproduced by Nissan in Japan and the U.S.
O B. The value of all carsproduced by Ford in Mexico.
O C. The value of all carsproduced by General Motors in the U.S.
O D・ The value of all carsproduced by Toyota in the U.S.
