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Author Question: GDP measured in base year prices is real GDP. (Read 63 times)

londonang

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Question 1

If the GDP deflator next year is less than the GDP deflator this year, then the price level has fallen.


◦ true
◦ false

Question 2

GDP measured in base year prices is real GDP.


◦ true
◦ false


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Marked as best answer by londonang on Apr 19, 2019

dominiqueenicolee

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londonang

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it


tranoy

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Reply 3 on: Yesterday
Excellent

 

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