The inflation rate = ________
A) nominal GDP - real GDP
B) growth rate in real GDP - growth rate in nominal GDP
C) growth rate in real GDP + growth rate in nominal GDP
D) nominal GDP รท real GDP
E) none of the above
E
You might also like to view...
For the following countries, specify whether hospitals are privately owned or owned by government, and whether doctors are privately employed or employed by government:
a. Canada b. Japan c. the United Kingdom d. the United States
Occupations X and Y employ persons with the same productivity. Workers in the two occupations work the same number of hours per day when on the job. Employment is stable throughout the year in X, while Y is characterized by seasonal layoffs. How will the hourly wage rate and annual earnings compare in the two occupations?
a. The hourly wage rate will be higher in X, but the annual earnings will be higher for Y. b. Both the hourly wage rate and annual earnings will be higher in X. c. Both the hourly wage rate and annual earnings will be higher in Y. d. The hourly wage rate will be higher in Y, but the annual earnings will likely be higher for X.