Q6. Bob is measuring the GDP in 2018 by using the quantity of each final good and service produced in 2018, multiplied by the price at which the goods and services were sold in 2018. What type of calculation is Bob creating?

a.The GDP using real values.

b.The GDP using both nominal and real values.

c.The GDP using nominal values.

Q7. If productivity increases from one year to the next,

a.only nominal GDP would increase.

b.only real GDP would increase.

c.nominal and real gross domestic product would increase.