Multiple Choice
If real GDP in 2011 (using 2002 prices) is lower than nominal GDP of 2010,then
A) prices in 2011 are lower than prices in 2010.
B) nominal GDP in 2011 equals nominal GDP in 2010.
C) prices in 2011 are higher than prices in 2010.
D) real GDP in 2011 is larger than real GDP in 2010.
Correct Answer:
Verified
Correct Answer:
Verified
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