Nominal GDP Is Another Term for

question 184

Multiple Choice

Nominal GDP is another term for

• A)inflation-adjusted GDP.
• B)real GDP.
• C)constant-dollar GDP.
• D)current-dollar GDP.

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Definitions:

Union Shop

A place of employment where the employer may hire either labor union members or non-members but where non-members must become members within a specified period of time or lose their jobs.

Nonunion Workers

Employees who are not members of a labor union and, as such, typically do not enjoy the collective bargaining rights and benefits that union members do.

Unionization Rate

The percentage of employees in a workforce who belong to a labor union.

Protective Services

Services provided by public or private agencies designed to safeguard individuals and property from harm, including police, firefighting, and security services.