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:

Rate of Return

The profit or shortfall on an investment over a predetermined period, expressed as a proportion of the investment's initial outlay.

Dividend Increase

An action by a corporation to raise the amount of dividends paid to its shareholders.

Constant Annual Dividend

A fixed dividend amount paid to shareholders every year, without variation.

Rate of Return

Change in an investment's value within a predetermined interval, indicated as a percent of the investment's initial cost.