If prices have increased since the base period,then
A) there is no way to adjust nominal GDP so that it equals real GDP.
B) real GDP can no longer be compared to nominal GDP.
C) real GDP is smaller than nominal GDP.
D) real GDP is larger than nominal GDP.
E) real GDP is equal to nominal GDP.
Correct Answer:
Verified
Q43: Real GDP is $140 billion and nominal
Q50: The core inflation rate is
A) the annual
Q54: When we compare the records of the
Q80: In constructing the CPI,the ABS has to
Q81: When comparing the annual inflation rate in
Q82: Since 2009 the core inflation rate
A)has been
Q83: The Trimmed-Mean CPI excludes
A)the mean prices of
Q84: In February 2014,the price of petrol in
Q87: In 2001,Pablo earned $200 per week at
Q88: The core inflation rate
A)tends to fluctuate more
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