Introduction to Economics 2 Deneme Sınavı Sorusu #754680

Which of the following statement explains the reason for nominal growth rates are bigger than the real growth rates?


the difference represents the value changes of money

the difference represents the price changes in the time period.

the difference represents the different values of the physical capital

the difference represents the growth rate of the country

the difference represents the differences in climate conditions


Yanıt Açıklaması:

By comparing the nominal and real growth rates, we can easily notice that the real growth rates are smaller than the nominal growth rates and the difference represents the price changes in the time period.

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