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NYC NYC
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8 years ago
If real GDP in 2006 using 2005 prices is equal to the nominal GDP of 2006, then:
A) real GDP in 2006 is larger than real GDP in 2005.
B) prices in 2006 are higher than prices in the base year.
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
Perfect answer, thank you
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