Solved

If the Nominal GDP Rises by 6 Percent and the Real

Question 50

Multiple Choice

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

A) rises; 3
B) rises; 9
C) falls; 3
D) falls; 9
E) There is no change in inflation.

Related Questions

Q45: FRED stands for:<br>A) Food and Resource Economics

Q46: Goods that are produced in a different

Q47: Refer to the following table when answering

Q48: Refer to the following table when answering

Q49: Refer to the following table when answering

Q51: If NGDP is nominal GDP and P

Q52: The National Income and Product Accounts identity

Q53: If the nominal GDP rises by 6

Q54: According to the income approach to GDP,

Q55: Which of the following is/are NOT included