If Over a Period of Time Real Gross Domestic Product

question 45

Multiple Choice

If over a period of time real gross domestic product (GDP) increases while nominal GDP decreases,then this implies

• A) a significant rise in the price level.
• B) a significant drop in the price level.
• C) that real GDP is much less than nominal GDP.
• D) that the given period occurs before the base period.
• E) that the given period year occurs after the base period.

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