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NYC NYC
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8 years ago
If real GDP in 2006 using 2005 prices is higher than nominal GDP of 2006, then:
A) prices in 2006 are higher than prices in 2005.
B) real GDP in 2006 is smaller than real GDP in 2005.
C) nominal GDP in 2006 equals nominal GDP in 2005.
D) prices in 2006 are lower than prices in the base year.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
I was thinking the same, thank you
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