Which of the following is true in an economy with persistent inflation?

a. nominal and real GDP grow at the same rate.
b. real GDP will grow faster than nominal GDP.
c. nominal and real GDP will both fall.
d. nominal GDP will grow faster than real GDP.

Question

Which of the following is true in an economy with persistent inflation?
 
a. nominal and real GDP grow at the same rate.
b. real GDP will grow faster than nominal GDP. 
c. nominal and real GDP will both fall.
d. nominal GDP will grow faster than real GDP.

Which of the following is true in an economy with persistent inflation?

a. nominal and real GDP grow at the same rate.

b. real GDP will grow faster than nominal GDP.

c. nominal and real GDP will both fall.

d. nominal GDP will grow faster than real GDP.

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Which of the following is true in an economy with persistent inflation? a. nominal and real GDP grow at the same rate. b. real GDP will grow faster than nominal GDP. c. nominal and real GDP will both fall. d. nominal GDP will grow faster than real GDP.