In an Economy with Persistent Inflation

question 70

Multiple Choice

In an economy with persistent inflation,

• A) real GDP will grow faster than nominal GDP.
• B) nominal GDP will grow faster than real GDP.
• C) nominal and real GDP will grow at the same rate.
• D) nominal and real GDP will both fall.

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Definitions:

Randomly Generating

Randomly generating involves creating or selecting entities such as numbers, samples, or data points in a manner that ensures each has an equal chance of being chosen, removing bias.

Leading Questions

Questions worded to lead respondents to a particular answer rather than to the one they might have genuinely given.

Respondents

Individuals who answer or respond to surveys, questionnaires, or interviews in a research study.

Researcher

An individual who conducts systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.