Normally in the United States the relationship between nominal and real GDP for a given year is
A) real GDP is greater than nominal GDP because of price increases.
B) nominal GDP is greater than real GDP because of price increases.
C) nominal GDP equals real GDP.
D) nominal GDP is greater than real GDP because of price decreases.
Correct Answer:
Verified
Q190: In years with inflation, nominal GDP increases
Q191: Which of the following is TRUE regarding
Q192: Of the following, which is CORRECT?
A) Nominal
Q193: Nominal GDP is
A) real GDP adjusted for
Q194: Real GDP is
A) an increase in the
Q196: Potential GDP
A) measures the actual production from
Q197: Nominal GDP is the value of final
Q198: Potential GDP is
A) the maximum GDP that
Q199: Gross private domestic investment is a component
Q200: Potential GDP is
A) another name for real
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