Refer to the below table. If output increases by 8% from Year 5 to Year 6, then in that period
A.
Real GDP will rise faster than nominal GDP
B.
Real GDP will rise slower than nominal GDP
C.
Nominal GDP will decrease
D.
Real GDP will decrease
A.
Real GDP will rise faster than nominal GDP
Economics
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In order for bubbles to occur, expectations of a price increase usually_______demand and ______supply
a. Increases; Increases b. Increases; Decreases c. Decreases; Increases d. Decreases; Decreases
Economics
According to traditional Keynesian analysis, a tax cut has a larger effect on aggregate demand than an increase in government expenditures of the same size
a. True b. False Indicate whether the statement is true or false
Economics