Due to Inflation,nominal Prices Are Usually

question 109

Multiple Choice

Due to inflation,nominal prices are usually

• A) equal to real prices.
• B) smaller than real prices.
• C) larger than real prices.
• D) a constant proportion different from real prices.

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Definitions:

Trade Deficit

A measure of international trade in which a country's imports exceed its exports.

Net Exports

A country's economic output's net impact from international trade, calculated as the difference between its total exports and total imports.

Net Exports

The value of a country's total exports minus its total imports, indicating whether a country is in a trade surplus or deficit.

Imports

Goods and services brought into a country from abroad for sale.