Asked by
Michele Blockinger
on Oct 13, 2024Verified
For time series data,what is unique about a time period where real GDP equal nominal GDP?
A) The base year for the price index
B) GDP = C + I + G + Xn
C) Exports exceed imports
D) A high rate of inflation exist
Time Series Data
Data collected and recorded at regular intervals over a period of time, often used for analyzing trends, cycles, and forecasts.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country's economy in real terms over a specific period.
Nominal GDP
The market value of all final goods and services produced within a country in a given period, measured in current prices.
- Grasp the concept of GDP deflator and its impact on evaluating economic performance.
Verified Answer
EZ
Learning Objectives
- Grasp the concept of GDP deflator and its impact on evaluating economic performance.