If the Percent Change in Prices Is Greater Than the Percent

question 109

True/False

If the percent change in prices is greater than the percent change in the nominal GDP, the real GDP shrinks.

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Definitions:

Flash

In technology, this often refers to a storage medium known for its fast access speeds and durability, commonly used in USB drives and solid-state drives.

Wireless Communication

The transfer of information or power between two or more points that are not connected by an electrical conductor, using electromagnetic waves.

Airplane Mode

Enables users to disable all wireless communication but still view a movie or play a game that does not require Internet connectivity.

Geotracking

The ability to track where a GPS-capable mobile device, such as a cell phone, is located. Companies can also use geotracking to locate lost or stolen mobile devices.