Business

Xiomara Boone

12 April, 05:55

In the second quarter (three-month period) of 2016, U. S. nominal GDP increased but U. S. real GDP declined.

What can we conclude?

A. nominal income declined by more than personal income.

B. the price level rose by more than nominal GDP.

C. real wages declined by more than real GDP.

D. the price level fell by more than real GDP.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “In the second quarter (three-month period) of 2016, U. S. nominal GDP increased but U. S. real GDP declined. What can we conclude? A. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

If the U. S. Department of Education put out a contract for 150,000 laptop computers and the contract stated that preference would be given to bids that declared at least 51 percent of the materials by value in the computers were produced in the

Jack Corp. has a profit margin of 10.70 percent, total asset turnover of 1.45, and ROE of 18.61 percent. What is the firm's debt-equity ratio?

Suppose, for simplicity, that a bank uses a single interest rate for loans and deposits, there is no inflation, and all unspent money is deposited in the bank. The interest rate measures which of the following? a.

A sales message is wasted if your reader fails to act. a. True b. False

A club sold 80 boxes of candy, some at $1.75 and some at $3.25. total revenue was $160. an appropriate equation to determine the total number of each type of box sold is

New Questions in Business

Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called installment credit an unsecured loan a secured credit card compounding interest

Bond Company sells inventory to its subsidiary, Esquivel Company, at a profit during 2020. If Bond uses the cost method to account for its equity investment in Esquivel, which of the following would be credited in the consolidated worksheet for 2021?

Most of the time it is quite difficult to separate the three functions of money. Money performs its three functions at all times, but sometimes we can stress one in particular.

The APB partnership agreement specifies that partnership net income be allocated as follows: Partner A Partner P Partner B Salary allowance 30000 10000 40000 Interest on average capital balance 10% 10% 10% Remainder 40% 40% 20% Average capital

The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.