Suppose an economy has some inflation. Then, after a base year, the value of real GDP will
A) be greater than nominal GDP.
B) will be approximately half the value of nominal GDP.
C) not be different from nominal GDP.
D) be less than nominal GDP.
Correct Answer:
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Q181: Which of the following is the best
Q182: Potential GDP is
A) the level of GDP
Q183: Gross private domestic investment is a component
Q184: Potential GDP is
A) the level of GDP
Q185: gross domestic product is the value of
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 years with inflation, nominal GDP increases
Q191: The base- year method of calculating real
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