Solved

Historically,nominal GDP Has Increased Faster Than Real GDP Because

Question 64

Multiple Choice

Historically,nominal GDP has increased faster than real GDP because


A) the general price level has fallen.
B) improvements in product quality have not been reflected in prices.
C) exports have risen more rapidly than imports.
D) imports have risen more rapidly than exports.
E) the general price level has increased.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions