The Fact That GDP Has Risen Faster Than Real GDP

question 166

Multiple Choice

The fact that GDP has risen faster than real GDP

• A)suggests that the base year of the GDP deflator has been shifted.
• B)tells us nothing about what has happened to the price level.
• C)suggests that the general price level has fallen.
• D)suggests that the general price level has risen.

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Definitions:

Hysteria

A psychological disorder characterized by unexplained physical symptoms such as blindness, fainting, or paralysis.

Unexplained Physical Symptoms

Physical symptoms for which no medical cause can be found after thorough examination and testing.

Psychological Disorder

A mental disorder characterized by patterns of behavior or thought that are consistent, distressing, and impair normal functioning.

Structural Model

A theoretical framework that describes the arrangement and relationship between different components within a system or concept.