Suppose That an Economy Is Experiencing Continuously Rising Prices

question 108

Multiple Choice

Suppose that an economy is experiencing continuously rising prices. If 2000 is the base year, then the real GDP in 1990 is _______ than the nominal GDP.

• A) less than
• B) greater than
• C) equal to
• D) There is insufficient information to answer this question.

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Definitions:

Suicide Rate

The proportion of a specific population that dies by suicide over a given period of time.

Elderly Women

Refers to women of advanced age, typically considered to be those who are 65 years of age and older.

Depression

A common mental health disorder marked by persistent sadness, lack of interest or pleasure in activities, and other emotional and physical symptoms.

United States

A country located in North America, consisting of 50 states and known for its significant cultural and political influence worldwide.