Solved

If Nominal Gross Domestic Product (GDP)changed by 6 Percent and the Price

Question 111

Multiple Choice

If nominal gross domestic product (GDP) changed by 6 percent and the price level changed by 2 percent,then real GDP changed by

A) 4 percent.
B) 3 percent.
C) 8 percent.
D) 12 percent.
E) 6 percent.

Related Questions

Q106: Explain why national output and national income

Q107: Consider the following figure to answer the

Q108: The consumption category of gross domestic product

Q109: When gross domestic product (GDP)increases,national income _

Q110: Nominal gross domestic product (GDP)is equal to<br>A)

Q112: Gross domestic product (GDP)is an important indicator

Q113: When John buys new tires for his

Q114: Nominal gross domestic product (GDP)increased from $14.0

Q115: You bought a popular video game last

Q116: Use the information in the table below