Suppose That Nominal National Income in Some Country Fell from $100

question 14

Multiple Choice

Suppose that nominal national income in some country fell from $100 billion to $95 billion during the year.Over the same period,inflation was 5%.Therefore the real national income in this country

• A)fell by 10%.
• B)fell by 5%.
• C)was unaffected.
• D)rose by 5%.
• E)rose by 10%.

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Definitions:

Months of Age

A measurement of time used to denote the age of infants and young children by counting the number of months since birth.

Object Manipulation

The skill of using the hands and fingers to manipulate, move, control, or use objects effectively.

Cognition

Acquiring knowledge and insight through the mental processes of thinking, experiencing, and sensory engagement.

Examine Detail

The process of inspecting or scrutinizing something closely in order to observe or analyze its components.