The growth rate of nominal GDP is always greater than the growth rate of real GDPbecause changes in nominal GDP reflect both price and quantity changes.
Select one:
a. True
b. False
Answers
Answered by
1
Answer:
True
Explanation:
How Does Nominal GDP Compare to Real GDP? While nominal GDP by definition reflects inflation, real GDP uses a GDP deflator to adjust for inflation, thus reflecting only changes in real output. Since inflation is generally a positive number, a country's nominal GDP is generally higher than its real GDP.
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Answered by
0
Answer:
True
Explanation:
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