If the price level and nominal GDP both doubled then real GDP would A also

If the price level and nominal gdp both doubled then

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191.If the price level and nominal GDP both doubled, then real GDP would: A)also double.B)increase by half.C)remain unchanged.D)decrease by half. 192.Real GDP is the same as _____ GDP. Page 36
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193.Nominal GDP is: 194.Government economists have adopted the _____ method of calculating the change in realGDP, which averages the GDP growth rate according to both an early base year and a late base year. 195.Assume that in the base year (2011), a country's nominal GDP is $10,000 billion. The country has had 5% inflation each year since 2006. Real GDP of 2011 is equal to: A)$10,500 billion.B)$11,025 billion.C)$10,000 billion.D)$9,500 billion. 196.Real GDP tends to understate our economic well-being because it: 197.Real GDP tends to overstate our economic well-being by including: 198.A country's living standard is best measured by: Page 37
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199.Economists frequently use GDP per capita to reflect: A)the impact of prices on GDP.B)differences in living standards across countries.C)people who are employed.D)both people who are employed and those who are unemployed. 200.Real GDP per capita is: 201.The best available common measure of a nation's standard of living is: 202.Dividing real GDP by the population:
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  • Fall '15
  • Gdp, gross domestic product

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