Nominal GDP has risen more rapidly than real GDP since World War II in the United States,

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Nominal GDP has risen more rapidly than real GDP since World War II in the United States, suggesting that:

A. The general price level has declined

B.The general price level has increased

C. Productivity has increased substantially

D. World trade has increased

Related Book For answer-question

Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Posted Date: Jul 09, 2021 07:17 AM

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Nominal GDP has risen more rapidly than real GDP since World War II in the United States,

Question:

Expert Answer:

BThe general price level has increased Because it is measured in ... View the full answer

Macroeconomics

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