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29 Sep 2019
a) In 1990, real GDP was 8,955.0. In 2012, real GDP was 8,948.4. With this information, we can infer that:
a. we had deflation.
b. there must have been economic growth.
c. there must have been no change in real GDP.
d. there must have been an increase in unemployment.
e. there was a recession.
b) Which of the following is a measure of domestic output?
a. The CPI.
b. Interest rates.
c. The unemployment rate.
d. Real GDP.
e. The GDP deflator
a) In 1990, real GDP was 8,955.0. In 2012, real GDP was 8,948.4. With this information, we can infer that:
a. we had deflation.
b. there must have been economic growth.
c. there must have been no change in real GDP.
d. there must have been an increase in unemployment.
e. there was a recession.
b) Which of the following is a measure of domestic output?
a. The CPI.
b. Interest rates.
c. The unemployment rate.
d. Real GDP.
e. The GDP deflator
Joshua StredderLv10
29 Sep 2019
