QUESTION IMAGE
Question
pregunta 51 (2 puntos)
the main differene between the 2 types of gdp is that one ___ and the other does not.
a accounts for changes in consumption
b accounts for changes in demand
c adjusts for interest rates
d adjusts for inflation
pregunta 52 (1 punto)
demand is the willingness to _ and the ability to _.
a buy a product; pay for it
b produce a product; buy a product
c pay for a product; produce it
d sell a product; produce it
Brief Explanations
- Pregunta 51: The two core GDP types are nominal (unadjusted for inflation) and real GDP (adjusted for inflation), which is their key distinction.
- Pregunta 52: Economic demand is defined as the combination of the willingness to purchase a good and the financial ability to pay for that good.
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Pregunta 51: d. adjusts for inflation
Pregunta 52: a. buy a product; pay for it