Which of the Following Is Correct

question 36

Multiple Choice

Which of the following is correct?

• A)Nominal GDP is always less than real GDP.
• B)Nominal GDP is always greater than real GDP.
• C)Nominal GDP equals real GDP in the base year.
• D)Nominal GDP equals real GDP in all years but the base year.

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Definitions:

Federal Trade Commission

An independent agency of the United States government tasked with promoting consumer protection and eliminating and preventing anticompetitive business practices.

Antitrust Claims

Legal allegations related to the violation of antitrust laws, aiming to promote competition and protect consumers from monopolistic practices.

Clayton Act

The Clayton Act is a U.S. antitrust law, enacted in 1914, aimed at preventing anticompetitive practices and promoting fair competition.

Sherman Act

A foundational antitrust law in the United States aimed at prohibiting monopolies and promoting fair competition among businesses.