If a Country Is Experiencing Inflation,the Change in the Nominal

question 97

Multiple Choice

If a country is experiencing inflation,the change in the nominal national product will

• A)equal the change in the real national product.
• B)overstate the inflation rate.
• C)overstate the change in the real value of production.
• D)understate the value of national income.
• E)be negative and will be falling faster than the rate of inflation.

---

Definitions:

Practice Law

The profession of providing legal advice and representation to clients and interpreting and applying the law.

Secretarial Work

A variety of administrative and clerical tasks that support business operations, such as typing documents, handling correspondence, and scheduling appointments.

Granted License

An official permission or permit given by an authority to an individual or organization to do something that, without such permission, would be illegal.

American Bar Association (ABA)

A voluntary national association of attorneys. The ABA plays an active role in developing educational and ethical standards for attorneys and in pursuing improvements in the administration of justice.