If the price level is increasing at 4% and output is increasing at 5%,then
A) Real GDP is increasing faster than nominal GDP.
B) Nominal GDP is increasing faster than real GDP.
C) Nominal GDP is increasing at 20%.
D) None of the choices are correct.
Correct Answer:
Verified
Q129: To measure an economy's output adjusted for
Q130: GDP is geographically focused,including all output produced
Q131: For the nation's capital stock to grow,net
Q132: The social well-being of a country
A)Is best
Q133: One In the News article titled "$2
Q135: To calculate real GDP,we
A)Measure in the prices
Q136: If a friend helps you with your
Q137: If a nation has a population of
Q138: Goods produced for the purpose of producing
Q139: GDP is the total market value of
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