šŸ·ļø LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION ā†’
Log in
Economics
8
answers
0
watching
176
views
4 Jan 2018

Is it possible for Nominal GDP to be falling while Real GDP is rising?

Watch
8
answers
0
watching
176
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Elin Hessel
Elin HesselLv2
5 Jan 2018
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

In periods when prices are falling, on average,

A. real GDP will grow faster than nominal GDP.

B. real GDP will grow as fast as nominal GDP.

C. one cannot calculate real GDP.

D. real GDP will grow slower than nominal GDP.

The government would want the economy to contract when real GDP is:
Ā 
(i) above potential GDP and the price level is falling.
(ii) below potential GDP in the price level is falling.
(iii) above potential GDP and the price level is rising.
In an economy experiencing a persistently falling price level:
Ā 
A. Potential GDP will necessarily exceed actual GDP.
B. Changes in nominal GDP may either overstate or understate changes in real GDP.
C. Changes in nominal GDP understate changes in real GDP.
D. Changes in nominal GDP overstate changes in real GDP.

Related Documents

ECO105Y1 Chapter 6: Nominal GDP and Real GDP
periwinklespider813
ECO 304L Chapter Unit 1: Ch 1-4: Corrections for inflation
greenwalrus59
ECO 1304 Chapter Notes - Chapter 5: Aggregate Supply, Aggregate Demand, The Foundations
fuchsiabee599

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in