This quiz works best with JavaScript enabled. Home > Economics > Macroeconomics > Real Vs Nominal > Real Vs Nominal – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Real Vs Nominal Quiz 1 (3 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Real GDP evaluates ..... production at ..... prices. A) Current; past. B) Past; past. C) Past; current. D) Current; current. Show Answer Correct Answer: A) Current; past. 2. Money makes it possible to ..... the value of goods and services, and interest rates provide a measure of the ..... of money that is borrowed or saved. A) Compare, price/cost. B) Pay for, profit. C) Price/cost, compare. D) Reduce, inflation. Show Answer Correct Answer: A) Compare, price/cost. 3. Bridges and roads belong in which part of the GDP formula? GDP = C+I+G+(X-M) A) Government Expenditures. B) Net Imports. C) Consumption Expenditures. D) Investment Expenditures. Show Answer Correct Answer: A) Government Expenditures. Related QuizzesMacroeconomics QuizzesEconomics Quizzes 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books