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How is nominal GDP converted into real GDP? A. by adding up all of the real purchases made in the economy B. through eliminating the effects of price increases on GDP growth C. by adding all incomes earned in an economy to total expenditures by consumers, businesses, and government D. by adding the contributions of American-owned factories in foreign countries
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Asked 4/17/2012 7:31:16 AM
Updated 3/10/2015 12:53:14 PM
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User: How is nominal GDP converted into real GDP? A. by adding up all of the real purchases made in the economy B. through eliminating the effects of price increases on GDP growth C. by adding all incomes earned in an economy to total expenditures by consumers, businesses, and government D. by adding the contributions of American-owned factories in foreign countries





Question|Rated bad
Asked 4/17/2012 7:31:16 AM
Updated 3/10/2015 12:53:14 PM
1 Answer/Comment
Flagged by emdjay23 [3/10/2015 12:53:14 PM]
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Nominal GDP converted into real GDP: through eliminating the effects of price increases on GDP growth.


Added 3/10/2015 12:53:03 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/10/2015 1:07:21 PM]
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Weegy: The U.S. Department of Commerce is the agency that maintains the National Income and Product Accounts. TRUE. (More)
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What is the difference between a recession and a depression? A. A recession is a period of economic growth while a depression is a period of economic contraction. B. A recession is more severe than a depression and lasts longer. C. A depression is a particularly deep recession with high levels of unemployment. D. Unlike a recession, a depression includes high levels of inflation.
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Updated 4/28/2015 3:07:35 PM
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A depression is a particularly deep recession with high levels of unemployment is the difference between a recession and a depression.

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Updated 59 days ago|2/5/2020 12:24:52 PM
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According to the cost-push theory, producers raise prices to meet increased costs is responsible for inflation.
Added 59 days ago|2/5/2020 12:24:51 PM
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Updated 2/23/2015 2:15:40 PM
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Added 2/23/2015 2:15:40 PM
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Confirmed by jeifunk [2/23/2015 2:18:51 PM]
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