Solved

Suppose That Nominal National Income in Some Country Increased by 10

Question 42

Multiple Choice

Suppose that nominal national income in some country increased by 10% during the year,when inflation was 5%.Therefore the real national income


A) fell by 10%.
B) fell by 5%.
C) was unaffected.
D) rose by 5%.
E) rose by 10%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions