Solved

If the Nominal GDP Rises by 6 Percent and the Price

Question 46

Multiple Choice

If the nominal GDP rises by 6 percent and the price level rises by 3 percent, then the real GDP ________ by ________.

A) falls; 3 percent
B) rises; 9 percent
C) rises; 3 percent
D) falls; 9 percent
E) None of these answers are correct.

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