if the price index is greater than 100, then 1) nominal GDP is greater than real GDP.

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if the price index is greater than 100, then 1) nominal GDP is greater than real GDP. 2) nominal GDP is lower than real GDP. 3) nominal GDP equals real GDP 4) prices decrease by more than double between the cirrent and base year.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Aug 10, 2019 08:47 AM

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if the price index is greater than 100, then 1) nominal GDP is greater than real GDP.

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Price index is given by Cost of basket in current year100 cost of basket in base y... View the full answer

Macroeconomics

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