If nominal GDP is growing faster than is real GDP, this implies: A. the price le
ID: 1094195 • Letter: I
Question
If nominal GDP is growing faster than is real GDP, this implies: A. the price level is rising. B. the price level is falling. C. technology is improving. D. unemployment is falling.
QUESTION 7
If a nation's real GDP is growing at 6 percent and the nation's population is growing at 4 percent, then real GDP per capita is growing:
1.5 percent.
2 percent.
10 percent.
24 percent.
QUESTION 8
Inflation:
reduces the purchasing power of the dollar.
lowers interest rates.
increases the purchasing power of the dollar.
reduces the export power of the dollar.
A.1.5 percent.
B.2 percent.
C.10 percent.
D.24 percent.
QUESTION 8
Inflation:
reduces the purchasing power of the dollar.
lowers interest rates.
increases the purchasing power of the dollar.
reduces the export power of the dollar.
Explanation / Answer
If nominal GDP is growing faster than is real GDP, this implies: A. the price le
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.