The Difference Between Nominal GDP and Real GDP Is

question 213

Multiple Choice

The difference between nominal GDP and real GDP is

• A)the indirect taxes used in their calculations.
• B)the prices used in their calculations.
• C)that nominal GDP includes the depreciation of capital and real GDP does not.
• D)that nominal GDP includes net exports of goods and services and real GDP includes net imports.
• E)that real GDP includes the depreciation of capital and nominal GDP does not.

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Definitions:

Dependent Variable

In an experiment, the variable that may change as a result of the independent variable (whatever new condition the experimenter adds). In other words, the dependent variable depends on the independent variable.

Level Of Depression

The degree or intensity of depressive symptoms an individual experiences.

Research Method

A systematic approach to investigating questions, testing hypotheses, and evaluating outcomes through structured procedures.

Particular Behavior

Specific actions or reactions exhibited by an individual in response to a given situation or stimulus.