If both aggregate output and the aggregate price level increase:
A) real GDP will increase faster than nominal GDP will.
B) nominal GDP will increase faster than real GDP will.
C) it makes no difference to real or nominal GDP.
D) real GDP and nominal GDP will increase faster than the price level will.
Correct Answer:
Verified
Q182: Real GDP per capita is:
A) a perfect
Q183: Use the following to answer questions:
Q184: Real GDP is the same as _
Q185: Nominal GDP is:
A) inflation-adjusted GDP.
B) real GDP
Q186: Government economists have adopted the _ method
Q188: Use the following to answer questions:
Q189: Dividing real GDP by the population:
A) results
Q190: If the price level and nominal GDP
Q191: Use the following to answer questions:
Q192: Assume that the real GDP of the
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