Multiple Choice
If nominal GDP in 2015 exceeds real GDP in 2015,then we know with certainty that
A) the price level in 2015 is less than the price level in the base year.
B) real GDP in 2015 is less than real GDP in the base year.
C) real GDP in 2015 is equal to the real GDP in the base year.
D) the price level in 2015 is greater than the price level in the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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