Solved

If the Nominal GDP Rises by 3 Percent and the Price

Question 105

Multiple Choice

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

A) rises; 8
B) falls; 8
C) rises; 2
D) falls; 2
E) None of these answers is correct.

Related Questions

Q100: Refer to the following table when answering

Q101: In 2015, U.S. national output per person

Q102: Refer to the following table when answering

Q103: According to the expenditure approach to GDP,

Q104: Refer to the following table when answering

Q106: According to the expenditure approach to GDP,

Q107: Refer to the following table when answering

Q108: The value added for a good produced

Q109: If the percent change in prices is

Q110: When calculating the real GDP using the