Which statement is true?
A) Real GDP can never increase faster than GDP.
B) Real GDP can increase faster than GDP if there is inflation.
C) Real GDP can increase faster than GDP if there is deflation.
D) None of the statements are true.
Correct Answer:
Verified
Q79: GDP can increase at a faster rate
Q155: GDP that has been adjusted for changes
Q156: An increase in depreciation will do which
Q157: In 1986,the base year,GDP was 4000.In 1989
Q158: Value added in a nation equals
A)the value
Q159: The nation's current output at base year
Q161: The increased participation of housewives in the
Q162: Inflation that causes an increase in prices
Q163: Which of the following economic transactions would
Q164: C is about _ of GDP.
A)four-fifths
B)seven tenths
C)one-half
D)two-fifths
E)one-third
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