If Real GDP Grows Faster Than Nominal GDP,it Is a Sign

question 52

Multiple Choice

If real GDP grows faster than nominal GDP,it is a sign that

• A) inflation is negative.
• B) there is no inflation.
• C) there is inflation, but little.
• D) there is galloping inflation.

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Definitions:

Productive Work

Activities that directly contribute to producing goods or providing services that are valued by customers or the organization.

Hybrid Automobiles

Vehicles that use more than one form of onboard energy to achieve propulsion, typically combining an internal combustion engine with an electric motor.

Round-Trip

Refers to a journey or transport route that goes from one place to another and then returns to the starting point.