Examlex
The table shows data reported by Statistics Canada for 1999. In 1999, the unemployment rate was
Nominal GDP
The gross domestic product measured at current market prices, without adjusting for inflation or deflation.
Real GDP
Measures the value of all final goods and services produced within a country in a given period, adjusted for inflation.
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar GDP, deflating out the effects of inflation.
Nominal GDP
The gross domestic product measured at current market prices, not adjusted for inflation, representing the value of all finished goods and services produced within a country's borders in a specific time period.
Q4: In the Current Population Survey, a person
Q5: Efficiency wages are<br>A)set below the equilibrium level
Q23: The circular flow model shows the<br>A)flow of
Q24: The CPI in 2011 is<br>A)140.5.<br>B)100.<br>C)124.<br>D)94.2.<br>E)106.2.
Q34: The number of corn producers increases, so
Q71: The shape of the productivity curve reflects
Q83: The nominal wage rate is the<br>A)average hourly
Q120: The average duration of unemployment<br>A)decreases during recessions
Q122: One of the productive resources is capital.
Q135: Other things remaining the same, the quantity