If real GDP has increased by 3 percent and nominal GDP has increased by 5 percent, then:
A) depreciation is 2 percent.
B) net factor income is 2 percent.
C) inflation is 2 percent.
D) net exports are 2 percent.
Correct Answer:
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Q129: If nominal GDP is $10 trillion and
Q130: Real GDP is calculated by:
A)multiplying nominal GDP
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Q133: If the percent change in nominal GDP
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