Multiple Choice
Suppose that nominal GDP in 2018 was less than real GDP in 2018.Given this information,we know for certain that
A) the price level in 2016 was greater than the price level in the base year.
B) the price level in 2016 was less than the price level in the base year.
C) real GDP in 2016 was less than real GDP in the base year.
D) real GDP in 2016 was greater than real GDP in the base year.
Correct Answer:
Verified
Correct Answer:
Verified
Q238: In the term "real GDP," what does
Q239: Investment spending includes spending on<br>A)stocks.<br>B)food.<br>C)changes in business
Q240: An example of business fixed investment spending
Q241: Nominal GDP will increase<br>A)only if the price
Q242: The GDP deflator is equal to<br>A)real GDP
Q244: Which of the following statements about the
Q245: An inflation rate of 5% between 2017
Q246: The largest component of spending in GDP
Q247: An example of an intermediate good would
Q248: Table 8-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 8-1