Multiple Choice
If NGDP is nominal GDP and RGDP is real GDP,which of the following can be used to calculate inflation?
A) percent change in NGDP + percent change in RGDP
B) percent change in NGDP - percent change in RGDP
C) percent change in NGDP percent change in RGDP
D) percent change in RGDP + percent change in NGDP
E) percent change in RGDP - percent change in NGDP
Correct Answer:
Verified
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Q49: Q50: If the percent change in the price Q51: Real gross national product is defined as:
A)the