Multiple Choice
If real GDP declines in a given year, nominal GDP
A) must also be declining.
B) must also be increasing.
C) may either rise or fall.
D) is likely to remain constant.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Which of the following is included in
Q22: The growth of GDP may understate changes
Q39: In the reservoir analogy for stock versus
Q40: If real GDP falls from one period
Q41: A statistic called Gross Output (GO) sums
Q44: Suppose nominal GDP in 2009 was $100
Q46: If nominal GDP in one year is
Q48: Consumption of fixed capital (depreciation) can be
Q103: Suppose that GDP was $200 billion in
Q162: Net exports is a positive number when<br>A)