If GDP in Year 1 Is the Same Dollar Amount

question 12

Multiple Choice

If GDP in year 1 is the same dollar amount as the GDP in year 2,does it follow that Real GDP in year 1 is the same as Real GDP in year 2?

• A) Yes,since prices must necessarily be the same in the two years.
• B) No,since equal GDP figures do not account for population.
• C) No,since prices may not be the same in the two years.
• D) Yes,since equal GDP figures do account for a change in the quality of goods produced in the two years.
• E) none of the above

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