Multiple Choice
If over a period of time real gross domestic product (GDP) increases while nominal GDP decreases,then this implies
A) a significant rise in the price level.
B) a significant drop in the price level.
C) that real GDP is much less than nominal GDP.
D) that the given period occurs before the base period.
E) that the given period year occurs after the base period.
Correct Answer:

Verified
Correct Answer:
Verified
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