If Prices Have Decreased Since the Base Period, Then

question 53

Multiple Choice

If prices have decreased since the base period, then

• A) there is no way to adjust nominal GDP so that it equals real GDP.
• B) real GDP is smaller than nominal GDP.
• C) real GDP is larger than nominal GDP.
• D) real GDP is equal to nominal GDP.
• E) real GDP can no longer be compared to nominal GDP.

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