Solved

If the Nominal GDP Rises by 3 Percent and the Price

Question 17

Multiple Choice

If the nominal GDP rises by 3 percent and the price level rises by 5 percent,then the real GDP __________ by __________.

A) rises;8 percent
B) falls;8 percent
C) rises;2 percent
D) falls;2 percent
E) none of the above

Related Questions

Q1: GDP measures all economic activity.

Q3: Prior to the late 1970s, the United

Q10: If we calculate the real GDP using

Q12: According to the expenditure approach,if Y is

Q13: Consider the data in Table 2.4.The value

Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4305/.jpg" alt=" -Consider Table 2.1,the

Q22: What are the components which make up

Q30: If the nominal GDP rises by 5

Q108: Real gross domestic product is defined as:<br>A)

Q108: The value added for a good produced