Gross Domestic Product (GDP) is the monetary value, in local currency, of all final economic goods and services produced in â¦ C. the amount of production which occurs when the economy is operating at full employment. It would replace the Bank of Englandâs current monetary policy, inflation targeting. 101. 10. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. B. the sum of all monetary transactions involving final goods and services which occur in the economy in a year. Nominal GDP is A. the sum of all monetary transactions that occur in the economy in a year. Nominal GDP can be understood as sum of all spending Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period. If nominal GDP is 150 and the GDP price index is 200, real GDP is 75. 16)Nominal GDP is: A.the sum of all monetary transactions that occur in the economy in a year. So if r = 0, and g = -1, a primary surplus equal to 2 per cent of GDP would see the public debt ratio fall by 1 per cent. B. the sum of all monetary transactions involving final goods and services that occur in the economy in a year. B. the sum of all monetary transactions involving final goods and services that occur in the economy in a year. The general price index in the sum of all monetary transactions involving final goods and services that occur in the economy in a year. Suppose a nationâs 2010 nominal GDP was \$972 billion and the general price index was 90. Nominal GDP is: A. the sum of all monetary transactions that occur in the economy in a year. The word gross means that certain values are not calculated; these values are: variation in inventories and capital depreciations or appreciations. University of Tennessee, Martin â¢ ECON 201. 25-24 Nominal GDP per capita does not, however, reflect differences in the cost of living and â¦ Question: Nominal GDP Is: Multiple Choice The Sum Of All Monetary Transactions That Occur In The Economy In A Year. B. the sum of all monetary transactions involving final goods and services that occur in the economy in a year. C. the amount of production that occurs when the economy is operating at full employment. They also grow 5000 kg of grains at Rs 20 per kg. Thus the answer is True. Nominal GDP is A the sum of all monetary transactions that occur in the economy, 7 out of 7 people found this document helpful. C. the amount of production that occurs when the economy is operating at full employment. B. the sum of all monetary transactions involving final goods and services that occur in the. nominal gdp is the sum of all monetary transactions. Nominal GDP is: the sum of all monetary transactions involving final goods and services that occur in the economy in a year. Nominal GDP refers to GDP measured at current prices and is the primary figure used when describing the size of an economy as a whole. The nominal GDP (NGDP) gap, a measure of unexpected changes in the dollar size of the US economy, is the percentage difference between the actual and the neutral level of NGDP. D. money GDP adjusted for inflation. b) the sum of all monetary transactions involving final goods and services that occur in the economy in a year. D. money GDP adjusted for inflation.