A Measure of GDP in Which Quantities Produced Are Valued

question 160

Multiple Choice

A measure of GDP in which quantities produced are valued at the prices of a fixed base year is called:

• A)real GDP.
• B)nominal GDP.
• C)base GDP.
• D)current GDP.

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Definitions:

Sale

The act of selling a product or service in exchange for money or other compensation.

Equity Securities

Financial instruments that represent ownership interest in a company, such as stocks.

Significant Influence

The power to participate in the financial and operating policy decisions of an investment but is not control or joint control of those policies.

Voting Stock

Shares that grant the holder the right to vote on company matters, such as electing the board of directors.