If real GDP rose by 3 percent per year and the GDP deflator fell by 1 percent per year,the percentage change in GDP is
A) 1%.
B) 2%.
C) 3%.
D) 4%.
Correct Answer:
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Q218: Which of the following would NOT be
Q219: Q220: If GDP is increasing at 4 percent Q221: If GDP rose from $6 trillion to Q222: If real GDP rose by 1 percent Q224: If GDP rises from $5 trillion to Q225: Which one of these is counted in Q226: Which is the most accurate statement about Q227: If real GDP fell by 1 percent Q228: When there is inflation
A)real GDP increases slower
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