If GDP declined by 6 percent in real terms during one year,and population declined by 3 percent,then
A) real GDP per capita decreased.
B) real GDP per capita increased.
C) real GDP increased while nominal GDP decreased.
D) nominal GDP did not change at all.
E) prices went down by 3 percent.
Correct Answer:
Verified
Q23: If GDP rises,
A)real GDP may either rise
Q24: If our population doubles,our GDP doubles,and the
Q25: When there is deflation,
A)GDP grows faster than
Q26: If the GDP deflator is now 125,we
Q27: If the nation's output of goods and
Q29: If the GDP deflator is now 115,then
Q30: In 2009,what percent of our GDP was
Q31: Which statement is true?
A)GDP is a virtually
Q32: For purposes of calculating GDP using the
Q33: Our GDP includes all the output produced
A)by
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