If over a certain period of time "constant dollar" GDP grows more rapidly than "current dollar" GDP,this means that
A) the economy is in a recession.
B) the general price level has risen.
C) the general price level has fallen.
D) consumers' real incomes have decreaseD.
Correct Answer:
Verified
Q93: The underground economy
A)consists mainly of such involuntary
Q94: GDP is $7 trillion.If consumption is $5
Q95: The value actually earned by members of
Q96: If GDP increases,
A)real GDP must remain constant.
B)real
Q97: Suppose a farmer sells a bushel of
Q99: From one year to the next suppose
Q100: Which one of these is correct?
A)GDP -
Q101: If GDP rises by 200 percent since
Q102: If a large number of families moved
Q103: Statement I: Net exports is a negative
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