Which of the following is true of the relationship between real GDP and nominal GDP a
Chapter 0, Problem 10(choose chapter or problem)
Which of the following is true of the relationship between real GDP and nominal GDP? a. Real GDP is higher than nominal GDP when there is inflation in the economy. b. Real GDP is equal to nominal GDP when the economy is at full employment. c. Real GDP minus nominal GDP equals the rate of inflation. d. Real GDP is nominal GDP adjusted for changes in the price level. e. Real GDP increases when nominal GDP increases.
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