Multiple Choice
Over a period of time, a nation's GDP increases by 8 percent in constant-price terms and by 6 percent in current-price terms.Other things being equal, the price level must have changed by about
A) 14 percent.
B) 4 percent.
C) 2 percent.
D) −2 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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