If the percent change in the price level is __________ than the percent change in __________,__________.
A) smaller;nominal GDP;real GDP shrinks
B) greater;nominal GDP;real GDP shrinks
C) greater;real GDP;nominal GDP shrinks
D) greater;real GDP;nominal GDP stays the same
E) Not enough information is given.
Correct Answer:
Verified
Q45: If we calculate the real GDP using
Q47: The percent change in the nominal
Q48: The chain-weighted measure of real GDP uses
Q49: Q51: Nominal gross domestic product is defined as: Q51: Real gross national product is defined as:
A)
A)the
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