Solved

If a Country's Nominal GDP Increases by 5% Between Two

Question 96

Multiple Choice

If a country's nominal GDP increases by 5% between two years while its GDP deflator increases by 4%, the country's real GDP:

A) increases by 9%.
B) increases by 1%.
C) decreases by 1%.
D) decreases by 9%.

Related Questions

Q3: According to the national spending approach,education is

Q85: GDP:<br>A) is a measure of national wealth.<br>B)

Q91: Between 1993 and 2003, Guatemala experienced real

Q92: The measure of GDP that has been

Q94: Why are transfer payments not counted as

Q95: Use the following to answer questions:

Q135: To avoid double accounting,the value of:<br>A) final

Q140: The purchase of a new home is

Q145: Using the national spending approach to measuring

Q175: A decline in nominal GDP is the