If the Growth Rate of Nominal GDP and the Rate

question 163

Multiple Choice

If the growth rate of nominal GDP and the rate of inflation in an economy are 4 percent and 1 percent,respectively,the growth rate of real GDP in the economy must be ________.

• A) 1 percent
• B) 3 percent
• C) 4 percent
• D) 5 percent

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Definitions:

Swelling

Inflammation or enlargement of a part of the body, typically as a response to injury or infection.

Use

The act of employing something for a particular purpose or function.

Action

In physiology, refers to the process by which muscles contract and lead to movement, or in a broader sense, any activity initiated by the nervous system.

Destruction

The act of causing so much damage to something that it no longer exists or cannot be repaired.