ECN 204 Chapter 4: Chapter 4
62 views4 pages
15 Apr 2011
School
Department
Course
Professor
Get access
Grade+
$40 USD/m
Billed monthly
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
10 Verified Answers
Class+
$30 USD/m
Billed monthly
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
7 Verified Answers
Related Documents
Related Questions
7. The difference between nominal GDP and real GDP is that nominal GDP:
A. |
measures a country's production of final goods and services at current market prices, whereas real GDP measures a country's production of final goods and services at the same prices in all years. |
|
B. |
is measured in dollar terms, whereas real GDP is measured in terms of numbers of goods and services produced |
|
C. |
measures the total value of only final goods and services, whereas real GDP measures the value of all goods and services, both intermediate and final |
|
D. |
measures a country's production of final goods and services at fixed prices, whereas real GDP measures a country's production of all final goods and services at current market prices |