One distinction between real and nominal GDP is: a. Nominal GDP represents base year GDP, while...
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One distinction between real and nominal GDP is: a. Nominal GDP represents base year GDP, while real GDP represents current year. b. Nominal GDP can increase only if prices rise. c. Real GDP can increase only if prices rise. d. Nominal GDP will increase if Real GDP rises (except when prices fall). e. Nominal GDP equals Real GDP, adjusted for interest rates (except when prices fall). One distinction between real and nominal GDP is: a. Nominal GDP represents base year GDP, while real GDP represents current year. b. Nominal GDP can increase only if prices rise. c. Real GDP can increase only if prices rise. d. Nominal GDP will increase if Real GDP rises (except when prices fall). e. Nominal GDP equals Real GDP, adjusted for interest rates (except when prices fall).
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Related Book For
Holt McDougal Larson Geometry
ISBN: 9780547315171
1st Edition
Authors: Ron Larson, Laurie Boswell, Timothy D. Kanold, Lee Stiff
Posted Date:
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