QUESTION 19 Nominal and Real GDP ($) Refer to the accompanying graph. The year 2000 must be the a. year when depreciation or capital consumption equaled zero. b. base year of the GDP price index. O c. point in time when GDP equaled 100. d. year when the GDP price index is zero. 2000 Time Nominal GDP Real GDP

Economics:
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ISBN:9781285859460
Author:BOYES, William
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Chapter5: National Income Accounting
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QUESTION 19
Nominal and Real GDP ($)
Refer to the accompanying graph. The year 2000 must be the
a. year when depreciation or capital consumption equaled zero.
b. base year of the GDP price index.
c. point in time when GDP equaled 100.
O d. year when the GDP price index is zero.
2000
Time
Nominal GDP
Real GDP
Transcribed Image Text:QUESTION 19 Nominal and Real GDP ($) Refer to the accompanying graph. The year 2000 must be the a. year when depreciation or capital consumption equaled zero. b. base year of the GDP price index. c. point in time when GDP equaled 100. O d. year when the GDP price index is zero. 2000 Time Nominal GDP Real GDP
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