In the event of deflation, or negative inflation, then
a. real GDP is always lower than nominal GDP.
b. real GDP is always lower than nominal GDP after the base year.
c. real GDP is always lower than nominal GDP.
d. real GDP is always higher than nominal GDP before the base year.
e. None of the above
E
Economics
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If the inflation rate in Japan is higher than the inflation rate in the United States
A) there will be an increase in U.S. imports from Japan. B) there will be an increase in Japanese exports to the United States. C) there will be no change is U.S. imports from Japan. D) there will be a decrease in U.S. imports from Japan.
Economics
According to the above table, the marginal factor cost of the seventh worker is
A) $24.00. B) $126.00. C) $42.00. D) $168.00.
Economics