Real GDP would increase by 3 percent if nominal GDP increased by:
A) 1 percent and inflation increased by 2 percent.
B) 6 percent and inflation increased by 2 percent.
C) 2 percent and inflation increased by 1.5 percent.
D) 5 percent and inflation increased by 2 percent.
Correct Answer:
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Q130: Real GDP is calculated by:
A)multiplying nominal GDP
Q131: Which of the following provides the closest
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Q136: Suppose nominal GDP is $14 trillion and
Q137: The relationship between real GDP and nominal
Q138: The price index that measures the average
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Q140: If nominal GDP is $14 trillion and
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