Multiple Choice
If real GDP is greater than nominal GDP for a particular year, then
A) production must have increased between the current year and the base year.
B) prices must have fallen between the current year and the immediate past year.
C) prices must have fallen between the current year and the base year.
D) production must have fallen between the current year and the base year.
E) prices must have risen between the current year and the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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