If Nominal GDP Is Less Than Real GDP, Then the GDP

question 114

True/False

If nominal GDP is less than real GDP, then the GDP deflator will be less than 100.

---

Definitions:

National Census

A systematic enumeration of a population, typically conducted by a government, to collect demographic, social, and economic information at a specified time.

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand the country, its population, resources, economy, society, and culture.

Ethnographic Research

A qualitative research method focused on studying cultures and communities through direct observation, participation, and immersion.

Field Study Research

A research method involving the collection of data outside of a laboratory setting, in the natural environment where phenomena of interest occur.