If real GDP in 2016 using 2015 prices is higher than nominal GDP of 2016, then
A) prices in 2016 are higher than prices in 2015.
B) nominal GDP in 2016 equals nominal GDP in 2015.
C) prices in 2016 are lower than prices in 2015.
D) real GDP in 2016 is smaller than real GDP in 2015.
Correct Answer:
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Q231: If real GDP in 2016 using 2015
Q232: Refer to the information provided in Table
Q233: Refer to the information provided in Table
Q234: Refer to the information provided in Table
Q235: If real GDP in 2016 using 2015
Q237: If the economy grows at 10 percent
Q238: When differences between nominal GDP and real
Q239: Refer to the information provided in Table
Q240: The GDP deflator is the
A) difference between
Q241: Refer to the information provided in Table
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