Which of the following is TRUE?
A) Real and nominal values are not related.
B) Real standards of living can increase without any positive economic growth.
C) Real standards of living decrease with positive economic growth.
D) Real growth rates fail to account for by price level changes.
B
Economics
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Unanticipated inflation is associated with cost increases which are not expected
Indicate whether the statement is true or false
Economics
How does a decrease in the tax rate on income earned on saving affect saving, investment, the interest rate, and economic growth?
What will be an ideal response?
Economics