When there is inflation _____.
a. real GDP increases faster than GDP
b. GDP increases faster than real GDP
c. GDP and real GDP increase at the same rate
d. there is no way of telling whether GDP or real GDP increases faster
Answer: B
When there is inflation _____.
a. real GDP increases faster than GDP
b. GDP increases faster than real GDP
c. GDP and real GDP increase at the same rate
d. there is no way of telling whether GDP or real GDP increases faster