Multiple Choice
Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next five questions: Assume that the base year is 2012.
-Assuming the price level increased,if real GDP is greater than nominal GDP for a given year,then:
A) the growth in output was less than the growth in the price level.
B) the growth in output was greater than the growth in the price level.
C) the growth in output was equal to the growth in the price level.
D) the given year is before the base year.
E) the given year is after the base year.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: The long-run average growth rate of real
Q96: Consider the following figure to answer the
Q122: A company produces a computer.They pay $100
Q125: The difference between nominal GDP and real
Q129: Consider the following data that gives the
Q130: You bought stock in 2010 for $100
Q131: Consider the following data, which shows the
Q132: For the questions that follow, suppose a
Q132: Macroeconomics is the study of:<br>A) individual markets.<br>B)
Q156: The four major expenditure categories of GDP