"A"
if the nominal GDP is growing at a higher rate than the real GDP then the price level in the market will be rising. the answer is "A".
13. If nominal GDP is growing at a higher rate than real GDP, one can cong...
What is most likely happening if a country s real GDP is rising, but its real GDP per capita is falling? -Its price level is growing faster than its output -Its output is growing faster than its price level -Its output is growing faster than its population-Its population is growing faster than its output
1. If real GDP equals nominal GDP, then: A. the growth in output was greater than the growth in the price level. B. there was no inflation. C. the current year is the base year. D. output did not grow. E. the growth in output was equal to the growth in the price level. 2. Nominal GDP is GDP measured in: A.base prices. B.fixed prices. C. current prices. D. marginal prices. E. average prices. 3. When you include discouraged workers...
Why willl nominal GDP growth rates typically be higher than real GDP growth rates? a. because prices generally decreases b. because GDP generally decreases c. Because prices generally increase d. because GDP generally increases
Relative price Relative price (1) Nominal output (2) Real output Price level Price level (3) Nominal output Real output Which of the graphs correctly labels the axes of the AS-AD model? A) Graph (1) B) Graph (2) C) Graph (3) D) Graph (4) Question 60 (2 points) If a nation's annual real GDP growth rate is 2.5% we can expect real GDP to double in about -----years. Enter your answer as a whole number (answers ending in 0.5 or higher...
(6) If nominal GDP is $15 trillion at an annual rate and constant dollar GDP is 12 trillion annualized, then the relevant price deflator must be at which level? (a) 80.0; (b) 125.0; (c) rising at a rapid pace; (d) $3 trillion.
la 5 If in 2018 US real GDP is $19 trillion and US nominal GDP is $21 trillion. Which of the following is correct? 2018 is the base year. Price level in 2018 must be higher than base year level. O Quantity of final goods and services produced in 2018 must be higher than base year level. O Quantity of final goods and services produced in 2018 must be lower than base year level. 06
During the great depression , our unemployment has been consistently higher than normal, real GDP was: ( choose one) a) decreasing over time b) increasing over time c) higher than potential real GDP d) lower than potential nominal GDP e) lower than potential real GDP
The following table shows nominal GDP and an appropriate price index for a 5 year period. Using the values in the table, calculate the value of real GDP for each year. Enter your response at whole numbers) dominal GOP Real GDP (illions Mons of dollars) Price Index of dollars) The economy above has experience OA rising price level O ring real GOP throughout the son of rang real GDP in only some of the O Click to select your answers)...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is $4,000 (in 2009 dollars), The GDP deflator in 2016 is and the rate of inflation since 2009 is a. 112.5, 12.5 percent. b. 88.9,-11.1 percent 12.5, insufficient information for the calculation of the rate of inflation. 11.1, insufficient information for the calculation of the rate of inflation. c. d. 2. Actual GDP is run. a. above, above b. below; below c. below; above d....
1. Assuming the price level decreased, and real gross domestic product (GDP) is greater than nominal GDP. Is the current year before or after the base year? 2. Official GDP may understate the actual output of an economy. Give one possible reason to explain this.