Multiple Choice
Suppose nominal national income in some country increased by 10% during the year,when inflation was 5%.In this case,the real national income
A) fell by 10%.
B) fell by 5%.
C) was unaffected.
D) rose by 5%.
E) rose by 10%.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: Statistics Canada excludes from GDP the value
Q66: The table below shows total output for
Q67: Country X is highly ranked in terms
Q68: If a firm's depreciation exceeds its gross
Q69: Consider the circular flow of expenditure and
Q71: The table below includes data for a
Q72: In national-income accounting,the term "fixed investment" refers
Q73: Which of the following would be included
Q74: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 20-1 Refer
Q75: Which of the following statements regarding housing