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Unformatted text preview: c. CPI
d. nominal GDP
If I was interested in the standard of living I would want per capita GDP, and to adjust for inflation I would use real per
d. Given the way we measure GDP, which of the following would increase GDP?
my decision to grow my own vegetables in my garden this year
the decision of my brother to become a "Mr. Mom and raise the family's kids
my purchase of a new lamp for my office
my "investment" of $1,500 in my retirement account e. my daughter's purchase of an historic house in downtown Newport GDP is the value of currently produced products. The only currently produced goods or services is the lamp purchase
and the commission on the home purchase
12. Which one of the following statements is not true when we look at the economic history of the US in the 20th
a. a sustained rise in i...
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