If prices in the current year are higher on average than in the base year,then real GDP in the current year _________ nominal GDP in the current year.
A) is greater than
B) is less than
C) is equal to
D) could be greater or less than
E) is one-third of
Correct Answer:
Verified
Q84: Q85: Consumption expenditure is subdivided into four categories,including Q86: Which of the following is included when Q87: Which of the following would increase the Q88: If the value of imports is greater Q90: The largest expenditure component of Canada's GDP Q91: Corporate and like profits before taxes are Q92: Wages and salaries are examples of Q93: Private-sector investment does NOT include which of Q94: Capital consumption allowances correspond to each of
A)
A) consumption.
B)
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