If Prices in the Current Year Are Higher on Average

question 99

Multiple Choice

If prices in the current year are higher on average than in the base year,then real GDP in the current year _________ nominal GDP in the current year.

• A) is greater than
• B) is less than
• C) is equal to
• D) could be greater or less than
• E) is one-third of

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Definitions:

Stoichiometry

The calculation of reactants and products in chemical reactions based on the conservation of mass.

Chemical Reactions

Processes in which one or more substances, the reactants, are converted to one or more different substances, the products.

Chemical Equations

Chemical equations are symbolic representations of chemical reactions, depicting the reactants and products, their phases, and the stoichiometric relationships between them.

HCl

Hydrochloric acid, a strong corrosive acid that is used in chemical synthesis and as a digestive aid in the human stomach.