The Fact That Nominal GDP Has Risen Faster Than Real

question 238

Multiple Choice

The fact that nominal GDP has risen faster than real GDP

• A) suggests that the base year of the GDP price index 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:

Synthesis

The procedure of blending simpler chemical substances to result in a substance of higher complexity.

Grignard Reagent

A class of organometallic compounds used in organic chemistry for forming carbon-carbon bonds and synthesizing a wide range of organic molecules.

Carbonyl Compound

Organic compounds that contain a carbonyl group (C=O) as part of their structure, including aldehydes, ketones, carboxylic acids, and esters.

1-Ethylcyclohexanol

An organic compound featuring a six-membered ring with an alcohol functional group and an ethyl group attached.