Asked by
Mayela Abigail
on Oct 13, 2024
Verified
If GDP rises and the GDP deflator falls,then
A) real GDP definitely rose.
B) real GDP definitely fell.
C) real GDP definitely remained the same.
D) there is not enough information to determine if real GDP rose,fell,or remained the same.
Real GDP
A measure of a country's economic output adjusted for inflation, providing a more accurate representation of an economy's size and growth rate over time.
- Apprehend the outcomes of GDP and real GDP shifts on the economic environment.
Verified Answer
KP
Learning Objectives
- Apprehend the outcomes of GDP and real GDP shifts on the economic environment.