Which of the following is correct?
A) Nominal GDP never equals real GDP.
B) Nominal GDP always equals real GDP.
C) Nominal GDP equals real GDP in the base year.
D) Nominal GDP equals real GDP in all years but the base year.
Correct Answer:
Verified
Q10: Changes in nominal GDP reflect
A)only changes in
Q13: If total spending rises from one year
Q204: Changes in the GDP deflator reflect
A)only changes
Q210: If total spending rises from one year
Q215: When economists talk about growth in the
Q218: The GDP deflator is the ratio of
A)real
Q272: In 2007,U.S.net exports were
A) positive and about
Q274: Which of the following is correct?
A) Nominal
Q277: Table 23-3
The table below contains data for
Q281: In the economy of Wrexington in 2008,real
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