If 2009 prices are used in the calculation of real GDP, then nominal GDP will be ____ real GDP in 2009.
A) greater than
B) less than
C) equal to
D) unrelated to

Name: If 2009 prices are used in the calculation of real GDP, then nominal GDP will be ____ real GDP in 2009. A) greater than B) less than C) equal to D) unrelated to
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Question

Quizplus · Accepted Answer

In 2009, nominal GDP and real GDP are equal because real GDP is calculated using the prices from that same year, making them identical.

If 2009 Prices Are Used in the Calculation of Real