Multiple Choice
If real GDP rises and the GDP price index has increased,
A) the percentage increase in nominal GDP must have been less than the percentage increase in the price level.
B) nominal GDP may have either increased or decreased.
C) nominal GDP must have increased.
D) nominal GDP must have fallen.
Correct Answer:
Verified
Correct Answer:
Verified
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Q27: <span class="ql-formula" data-value="\begin{array} { | l |
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