Add to Chrome
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
If prices are rising on average, then real GDP will:
be less than nominal GDP in the years before the base year.
be greater than nominal GDP in the years before the base year.
always be equal to nominal GDP.
be greater than nominal GDP in the years after the base year.
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!