Which of the following is true? a. Real GDP equals nominal GDP ...

[naturalchemist]

Which of the following is true?
 a. Real GDP equals nominal GDP divided by the current price level index, times one hundred.
 b. In periods of inflation, real GDP growth will tend to be greater than nominal GDP growth.
 c. In a country with a growing population, real GDP could be falling at the same time that real GDP per capita was rising.
  d. Marrying one's housekeeper would leave reported GDP unchanged.

Question 2

Which of the following would economic freedom lead to?
 a. A higher standard of living
  b. Better living conditions
  c. Longer life expectancy
  d. Better education
  e. All of these

[zhanghao]

Answer to Question 1

a

Answer to Question 2

e