If 2010 is the base year for real GDP calculations , we know for certain that nominal GDP: In 2009 will be greater than real GDP in 2010 Equals real GDP in 2010. Is less than real GDP in 2010. Is greater than real GDP in 2010.

If 2010 is the base year for real GDP calculations , we know for certain that nominal GDP: In 2009 will be greater than real GDP in 2010 Equals real GDP in 2010. Is less than real GDP in 2010. Is greater than real GDP in 2010.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 2

If 2010 is the base year for real GDP calculations , we know for certain that nominal GDP:

In 2009 will be greater than real GDP in 2010

Equals real GDP in 2010.

Is less than real GDP in 2010.

Is greater than real GDP in 2010.

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