If the percent change in nominal GDP is 6 percent and the percent change in real GDP is 2 percent, inflation is:
A) 0 percent.
B) 2 percent.
C) 4 percent.
D) 6 percent.
Correct Answer:
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Q127: If nominal GDP is $15 trillion and
Q128: If real GDP has increased by 3
Q129: If nominal GDP is $10 trillion and
Q130: Real GDP is calculated by:
A)multiplying nominal GDP
Q131: Which of the following provides the closest
Q133: If the percent change in nominal GDP
Q134: Suppose that both nominal GDP and prices
Q135: Real GDP would increase by 3 percent
Q136: Suppose nominal GDP is $14 trillion and
Q137: The relationship between real GDP and nominal
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