Solved

If Over a Period of Time Real Gross Domestic Product

Question 105

Multiple Choice

If over a period of time real gross domestic product (GDP) increases while nominal GDP decreases,then this implies


A) a significant rise in the price level.
B) a significant drop in the price level.
C) that real GDP is much less than nominal GDP.
D) that the given period occurs before the base period.
E) that the given period year occurs after the base period.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents