Suppose Nominal GDP in 2009 Does Not Change (Compared Its

question 43

Multiple Choice

Suppose nominal GDP in 2009 does not change (compared its previous level in 2008) .Given this information,we know with certainty that

• A)real GDP increased during 2009.
• B)the GDP deflator increased during 2009.
• C)both the GDP deflator and real GDP fell during 2009.
• D)more information is needed to answer this question.

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Definitions:

Equal-variances Test

A statistical test used to determine if two or more samples have equal variances.

Unequal Variances Test

A statistical test used when comparing two groups that do not assume the variances of the groups are equal.

Normally Distributed

Describes data that follows a normal distribution characterized by a symmetric bell-shaped curve.

Pooled Variance

A method used in statistical analysis to estimate the variance of two or more different populations by pooling their variances, assuming they have the same variance.