If the nominal GDP was $350 Billion but the real GDP is $2.2 Trillion. Select all that apply 3 answers The value of the dollar was lower that year The value of the dollar was lower that year The value of the dollar was higher that year The value of the dollar was higher that year The price index must be less than 100 The price index must be less than 100 Prices were higher that year Prices were higher that year The price index must be greater than 100 The price index must be greater than 100 The price index must be equal to 100 The price index must be equal to 100 Prices were lower that year

If the nominal GDP was $350 Billion but the real GDP is $2.2 Trillion. Select all that apply 3 answers The value of the dollar was lower that year The value of the dollar was lower that year The value of the dollar was higher that year The value of the dollar was higher that year The price index must be less than 100 The price index must be less than 100 Prices were higher that year Prices were higher that year The price index must be greater than 100 The price index must be greater than 100 The price index must be equal to 100 The price index must be equal to 100 Prices were lower that year

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section: Chapter Questions

Problem 1AA

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