Is it possible for a country's nominal GDP to increase and real GDP to decrease from one year to the next?
A) Yes, it would indicate a larger rise in prices relative to a decrease in output.
B) No, since prices are held constant and that would be mathematically impossible.
C) Yes, it would indicate a larger rise in output relative to a decrease in prices.
D) No, since output is held constant and that would be mathematically impossible.
Correct Answer:
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Q107: A GDP deflator of 112 means:
A) the
Q108: Real GDP is:
A) calculated based on goods
Q109: Q110: GDP per capita: Q111: U.S. GDP increased from $12.5 trillion in Q113: If the Real GDP increases from one Q114: Suppose you are given the following annual Q115: The GDP deflator is: Q116: In official government statistics, the GDP deflator Q117: 
A) paints a clearer picture
A) a measure of
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