Real GDP is nominal GDP measured in constant ?

Related Mcqs:

1. Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?

   A. foreign; domestic
   B. current year; base year
   C. domestic; foreign
   D. base year; current year
   E. intermediate; final

2. If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?

   A. must have fallen
   B. must have risen
   C. must have stayed the same
   D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output

3. If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?

   A. 3.1 percent
   B. 3.0 percent
   C. 18.6 percent
   D. 18.0 percent

4. Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

   A. be less than 12 percent and can be negative
   B. be less than 12 percent but must be greater than zero
   C. equal 6 percent
   D. exceed 30 percent

5. If GDP for Palau a small country near southeast of the Philippines is $130 million in 2012 and its population is 20,000 GDP per capita is ?

   A. 6500
   B. 130
   C. 0.0065
   D. 650

6. IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?

   A. 276,000
   B. 1576,086
   C. 0.276
   D. 3.623

7. If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?

   A. 1000
   B. 260
   C. 0.001
   D. 259740

8. A real value can be derived from a nominal value by ?

   A. adjusting for changes over time
   B. adjusting for data collection errors
   C. adjusting for population changes
   D. adjusting or changes in prices

9. If inflation is 8 percent and the real interest rate is 3 percent, then the nominal interest rate must be ?

   A. 3/8 percent
   B. 5 percent
   C. 11 percent
   D. 24 percent

10. If the nominal interest rate is 7 percent and the inflation rate is 3 percent, then the real interest rate is ?

    A. 4 percent
    B. 10 percent
    C. -4 percent
    D. 3 percent
    E. 21 percent