Use the following figure to answer the questions : Figure 5.2 : 
-According to the hypothetical economy in Figure 5.2,real GDP differs from nominal GDP from 1980 to 2000 because
A) Price level increases caused real GDP to increase.
B) Population growth exceeded output growth.
C) Inflation caused the dollar value of output to decrease.
D) Inflation caused the dollar value of output to increase.
Correct Answer:
Verified
Q44: If the price level is 100 for
Q45: Use the following figure to answer the
Q47: Inflation is
A)The increase in the market value
Q48: An economy's production possibilities curve indicates
A)The rate
Q49: Depreciation represents
A)The consumption of capital in the
Q51: Net domestic product (NDP)is determined by
A)Subtracting depreciation
Q52: Use the following figure to answer the
Q53: The wearing out of plants and equipment
Q54: Assume nominal GDP is $10,000 billion in
Q56: Net domestic product is
A)Equal to GDP minus
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