Question 17: Nominal GDP for a given year refers to: a) The amount (quantities) of final goods and services produced by a nation in that given year. b) The monetary value of only the c) intermediate goods and services produced by a nation in that given year. The monetary value of only the final goods and services produced by a nation in a given year which are purchased by households. d) The monetary value of the final goods and services produced by a nation in a given year, with value determined by market prices in that given year. e) None of the above. Question 18: Real GDP refers to: a) The monetary value of the final goods and services produced by a nation in a given year, with value determined by market prices in that given year. b) The monetary value of only the intermediate goods and services produced by a nation in that given year. c) The monetary value of only the final goods and services produced by a nation in a given year which are purchased by households. d) The amount (quantities) of final goods and services produced by a nation in that e) given year. None of the above.