Multiple Choice
If real GDP in 2012 using 2011 prices is lower than nominal GDP of 2012,then
A) prices in 2012 are lower than prices in 2011.
B) nominal GDP in 2012 equals nominal GDP in 2011.
C) prices in 2012 are higher than prices in 2011.
D) real GDP in 2012 is larger than real GDP in 2011.
Correct Answer:
Verified
Correct Answer:
Verified
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