Multiple Choice
If the price index is rising over a period of time, then the real GDP in years
A) prior to the base year will be larger than the nominal GDP.
B) prior to the base year will be less than the nominal GDP.
C) after the base year will be higher than the nominal GDP.
D) after the base year will be rising faster than the nominal GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q66: Interest on the public debt is included
Q76: Which of the following do national income
Q92: In an economy that is experiencing a
Q108: The total amount of income earned by
Q144: The "underground economy" is mostly made up
Q145: GDP is the market value of<br>A)resources (land,
Q147: If net foreign factor income is zero
Q148: If inflows to the capital stock are
Q152: GDP does not include which of the
Q153: Nominal GDP has generally risen more rapidly