Multiple Choice
If the growth rate of real GDP and the rate of inflation in an economy are 2 percent and 1 percent,respectively,the growth rate of nominal GDP in the economy must be ________.
A) 1 percent
B) 2 percent
C) 3 percent
D) 5 percent
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q70: If there are no changes in inflation
Q71: The U.S.central bank is the government institution
Q72: Suppose that we produce a graph with
Q73: The demand curve for reserves is _.<br>A)
Q74: Everything else remaining unchanged,if the demand curve
Q76: The Fed pursues its key objectives by
Q77: A commercial bank's last resort for borrowing
Q78: If a bank has $6 billion in
Q79: Suppose you have borrowed money from a
Q80: Assuming all else equal,if a bank expects