Assuming that inflation has occurred over​ time, what is the relationship between nominal GDP and real GDP in years after the base​ year?  

Sunflowers Inc. paid its workers $8 an hour in 2018 and $9 an hour in 2019. The GDP price index was 252 in 2018 and 257 in 2019. Calculate the real wage rate in each year. Round to two decimals.   The real wage rate in 2018 was $ The real wage rate in 2019 was $

The table shows an economy’s total production and the prices of the final goods it produced in 2016 and 2018.   The base year is 2016. Calculate real GDP in 2016.   Real GDP in 2016 is $

In the Candyland nation, 18,000 are employed, 2,000 are unemployed, and 5,000 are not in the labor force.   What is the unemployment rate?

In terms of calculating GDP, which of the following is a final good, and which is an intermediate good? A            is a final good and            is an intermediate good.    

In terms of calculating GDP, which of the following is a final good, and which is an intermediate good? A            is a final good and            is an intermediate good.    

In the Candyland nation, 18,000 are employed, 2,000 are unemployed, and 5,000 are not in the labor force.   What is the unemployment rate?

Keynesian economics differed from classical economics in which of the following ways?

The following data were obtained for a region: 26 million people had full-time jobs.Another 10 million people had part-time jobs.3 million people had no work but were available and had looked for work in the past four weeks.15 million people of working age did not have jobs and did not want jobs. What is the size of the labor force?

If the GDP price index is 150 and nominal GDP is $9 trillion, calculate real GDP. Real GDP is _______.