Nominal GDP Is Output Measured in ________ Prices While Real

question 18

Multiple Choice

Nominal GDP is output measured in ________ prices while real GDP is output measured in ________ prices.

• A)current;current
• B)current;fixed
• C)fixed;fixed
• D)fixed;current

---

Definitions:

Liquidity

Liquidity refers to the ease with which assets can be converted into cash without significantly affecting their market price, crucial for meeting short-term obligations.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales or revenue.

Profitability

A measurement of an entity's ability to generate income in relation to its revenue, assets, or equity.

Assets

Resources owned by a company that have economic value and can be used to meet its obligations or invest in its operations.