In periods when prices are falling, on average,
A) real GDP will grow slower than nominal GDP.
B) real GDP will grow faster than nominal GDP.
C) real GDP will grow as fast as nominal GDP.
D) real GDP will certainly be lower than nominal GDP.
E) real GDP cannot be calculated.
Correct Answer:
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Q205: Nominal GDP measures the value of all
Q214: Why does inflation make nominal GDP a
Q215: If prices are rising on average, then
A)real
Q216: Table 4.18 Q217: An inflation rate of 5% between 2016 Q218: Table 4.20 Q219: If real GDP increases, we know for Q222: The output of Canadian citizens who work Q223: Which of the following is included in Q224: Table 4.26 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
