If real GDP is larger than nominal GDP
A) prices must be lower than in the base year.
B) prices must be higher than in the base year.
C) the economy must be growing.
D) the economy must be shrinking.
E) prices and output must be constant.
Correct Answer:
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Q174: If the GDP deflator is less than
Q195: Table 4.17 Q196: The GDP deflator in year 2 is Q197: The drawback to calculating real GDP using Q199: The measure of production that values output Q201: If nominal GDP rises, we can say Q202: Nominal GDP is another term for Q203: Which of the following is a true Q204: Table 4.19 Q205: If the GDP deflator is 142, by
A)inflation-adjusted GDP.
B)real
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