Principles of Macroeconomics Study Set 12
Quiz 6: Measuring National Output and National Income
If the GDP deflator next year is less than the GDP deflator this year, then the price level has fallen.
Explore answers and all related questions
A GDP deflator is real GDP divided by nominal GDP times 100.
GDP measured in base year prices is real GDP.
If nominal GDP rises, then so must real GDP.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved