Nominal gdp Study guides, Study notes & Summaries
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BMC STUDY GUIDES WITH CORRECT ANSWERS
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BMC STUDY GUIDES WITH CORRECT 
ANSWERS 
ECOW - CORRECT ANSWER-Economic data watch: finds 
most important data by country 
Essential economic indicators - CORRECT ANSWER 
Economic growth 
Inflation 
Unemployment 
Business confidence 
Housing 
Economic growth: gdp - CORRECT ANSWER-Market value of 
all final goods and services produced in a country 
Broadest and most comprehensive barometer of economic 
activity 
GDP = C + I + G + (X-M) - CORRECT ANSWER-C= personal 
consumption (food)...
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ECON 104 Bille Goffe Final Exam Questions Reviewed And Revised With Correct Answers
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ECON 104 Bille Goffe Final Exam 
Questions Reviewed And Revised 
With Correct Answers 
1) Which of the following compares prices in one year to prices 
in a base year (or period)? -real GDP and the GDP deflator -nominal GDP and real GDP -the CPI and nominal GDP -the GDP deflator and the CPI - ANSWER 
and the CPI 
the GDP deflator 
2) How much did your real wage grow if your nominal wage 
grew by 5% and the CPI grew by 2%? -5% -2% -7% -3% - ANSWER 
3% 
3) Which tracks the LEAST ...
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BMC, Bloomberg Certification Test Questions And Answers 2022
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Inaccurately because the scope of GDP measurements can change. - Answer - How accurately do GDP portray the economy and why? 
 
It went down - Answer - Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happened to GDP? 
 
C= Consumer spending 
I = Investment (Gross Fixed Capital Forma...
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ECON 104 FINAL – GOFFE
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Nominal GDP - Answer- the value of final goods and services evaluated at current-year prices 
 
How to calculate nominal GDP - Answer- C + I + G +NX 
 
Real GDP - Answer- The value of final goods and services evaluated at base-year prices 
 
How to calculate real GDP - Answer- P*Q for every good in GDP and add them all together 
 BASE YEAR 
2014 - 100M visits at $50 each 2015 - 103M visits at $53 
 10M cars at $20,000 each 11M cars at $20,500 each 
 
real GDP for 2015: (103M * $50 + 11M * 20,000...
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bloomberg market concepts Questions and Verified Answers | Passed | A+
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gross domestic product (GDP) 
: market value of all final goods and services produced within a country 
GDP = C + I + G + (X-M) 
C= personal consumption 
I = private investment 
G = government spending 
X = exports 
M = imports 
(C = 2/3 of US GDP) 
provides backdrop for investing bc is a measure of all economic activity 
"actual GDP growth has entirely lost its capacity to surprise... leading indicators... PMI 
garners disproportionate attention" 
2 
nominal GDP vs real GDP 
: nominal GDP...
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Econ 102 Exam Review Questions and Answers 100% Solved
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Econ 102 Exam Review Questions and 
Answers 100% Solved 
The difference between nominal and real GDP is: 
a) Real GDP adjusts for inflation 
b) nominal GDP measures actual productivity 
c)real GDP excludes imports and exports 
d) nominal GDP adjusts for inflation ️️a) real GDP adjusts for inflation 
GDP is: 
A. the sum of all currency and coins in circulation. 
B. the value of all final goods and services produced by a government. 
C. the value of all final good and services produced anywhe...
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BMC COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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BMC COMPLETE QUESTIONS AND CORRECT 
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY 
GRADED A+ 
Which driver weakened the Swiss franc? (C) a) A surprise change in net 
export expectations 
b)A surprise change in interest rates expectations 
c)A surprise change in inflation expectations 
d)A surprise change in valuation expectations 
How accurately do GDP portray the economy and why? Inaccurately because the scope 
of GDP measurements can change. 
Consider the formula GDP = C+I+G+(X-M). A countr...
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BMC exam 2024 with 100% correct answers
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Which driver weakened the Swiss franc? (C) - correct answer a) A surprise change in net export expectations 
b)A surprise change in interest rates expectations 
c)A surprise change in inflation expectations 
d)A surprise change in valuation expectations 
 
How accurately do GDP portray the economy and why? - correct answer Inaccurately because the scope of GDP measurements can change. 
 
Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of domestic and foreign...
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BMC QUESTIONS & ANSWERS RATED 100% CORRECT!!
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Which driver weakened the Swiss franc? (C) - Answer-a) A surprise change in net export expectations 
b)A surprise change in interest rates expectations 
c)A surprise change in inflation expectations 
d)A surprise change in valuation expectations 
How accurately do GDP portray the economy and why? - Answer-Inaccurately because the scope of GDP 
measurements can change. 
Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of domestic 
and foreign luxury goods. In ...
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BLOOMBERG QUESTIONS & ANSWERS RATED 100% CORRECT!!
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How accurately do GDP statistics portray the economy and why? - Answer-Just because they are official 
and numerical does not mean they are accurate. The term "domestic" in GDP unambiguously links to a 
nation state. 
Why is economic data helpful in the investment process? - Answer-If an economy is doing well then 
certain companies will sell more of their product as household budgets also increase. 
What 5 data inputs matters most to investors? - Answer-Economic growth, inflation, unemploymen...
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