Chat with AI
Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 35
Circle the letter that corresponds to the best answer. During a period of inflation, if real GDP rose, then
A) nominal GDP fell.
B) nominal GDP stayed the same.
C) nominal GDP rose at the same rate as real GDP.
D) nominal GDP rose at a faster rate than real GDP.
A) nominal GDP fell.
B) nominal GDP stayed the same.
C) nominal GDP rose at the same rate as real GDP.
D) nominal GDP rose at a faster rate than real GDP.
Explanation
Verified
Verified
GDP = P ×Q
Where,
Q = The quantity of fi...
Macroeconomics 11th Edition by Stephen Slavin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
