If prices have decreased since the base period,then
A) real GDP is smaller than nominal GDP.
B) real GDP is larger than nominal GDP.
C) real GDP is equal to nominal GDP.
D) there is no way to adjust nominal GDP so that it equals real GDP.
E) real GDP can no longer be compared to nominal GDP.
Correct Answer:
Verified
Q157: If the price of a soda was
Q158: To compare the price of a loaf
Q159: To compare the real price of gas
Q160: If we compare the last 30 years
Q161: Which of the following formulas would you
Q163: In 2001,Pablo earned $200 per week at
Q164: The change in the quantity of goods
Q165: Real GDP is $1,400 billion and nominal
Q166: If nominal GDP is $2,000 billion and
Q167: Suppose that in 2012,real GDP is larger
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents