Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the present, what would be true of the relationship between nominal GOP and real GDP?OA. RGDP NGDP because prices are stable.OB. RGDP NGDP because pridas are fallingOD. The relationship is uncertain without more information on prices.

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Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the present, what would be true of the relationship between nominal GDP and real GDP? OA RGDP NGDP because prices are stable OB. RGDP NGOP because prids are falling OD. The relationship is uncertain without more information on prices

Suppose the base year is 2001. Looking at GDP data from the United States from 2001 to the present, what would be true of the relationship between nominal GDP and real GDP? OA RGDP NGDP because prices are stable OB. RGDP NGOP because prids are falling OD. The relationship is uncertain without more information on prices

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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