Which statement is true?
A) GDP and real GDP are equal only in the base year.
B) Real GDP is always greater than GDP.
C) GDP is always greater than real GDP.
D) GDP and real GDP are never equal.
Correct Answer:
Verified
Q79: GDP can increase at a faster rate
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
Q166: "Multiple counting" is avoided when calculating GDP
Q168: Net exports is a positive number in
Q169: When the Noodlemans purchase a new residential
Q170: Net investment is equal to
A)GDP minus depreciation.
B)depreciation.
C)gross
Q171: Comparison pre (2005)and post (2009)Great Recession real
Q172: Which statement is false?
A)In 2009 G was
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