If Prices Have Increased Since the Base Period,then

question 120

Multiple Choice

If prices have increased since the base period,then

• A)real GDP is smaller than nominal GDP.
• B)real GDP is larger than nominal GDP.
• C)real GDP is equal to nominal GDP.
• D)there is no way to adjust nominal GDP so that it equals real GDP.
• E)real GDP can no longer be compared to nominal GDP.

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