In years with inflation, nominal GDP increases real GDP.
A) slower than
B) faster than
C) at the same rate as
D) sometimes faster, sometimes slower, and sometimes at the same rate as
Correct Answer:
Verified
Q185: gross domestic product is the value of
Q186: Suppose an economy has some inflation. Then,
Q187: Which of the following is NOT a
Q188: Potential GDP is the
A) value of production
Q189: Potential GDP
A) measures the actual production from
Q190: In any year, real GDP
A) will always
Q191: The base- year method of calculating real
Q192: The relationship between real GDP and potential
Q193: When all of the economy's resources are
Q194: Economists distinguish real GDP from nominal GDP
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents