In the event of deflation, or negative inflation, then a. real GDP is
In the event of deflation, or negative inflation, then
a. real GDP is always lower than nominal GDP.
b. real GDP is always lower than nominal GDP after the base year.
c. real GDP is always lower than nominal GDP.
d. real GDP is always higher than nominal GDP before the base year.
e. None of the above
ANSWER
E
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