Multiple Choice
The fact that nominal GDP has risen faster than real GDP
A) suggests that the base year of the GDP price index has been shifted.
B) tells us nothing about what has happened to the price level.
C) suggests that the general price level has fallen.
D) suggests that the general price level has risen.
Correct Answer:
Verified
Correct Answer:
Verified
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Q229: The gross domestic product (GDP) concept accounts
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Q231: In national income accounting, government purchases include<br>A)
Q232: GDP is the market value of<br>A) resources
Q233: If real disposable income fell during a
Q234: The consumption of fixed capital in each
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Q236: Disposable income measures the before-tax income received
Q237: When gross investment is positive, net investment<br>A)