Question
Q23. To measure a real increase in wages, a.the wages would have to be adjusted for inflation overtime. b.the changes would have to be averaged.
Q23. To measure a real increase in wages,
a.the wages would have to be adjusted for inflation overtime.
b.the changes would have to be averaged.
c.the increase would have to be compared to the growth in GDP.
Q24. If inflation occurs in a given year,
a.the change in the real measurement (GDP) would be equal to the change in the nominal one.
b.the change in the real measurement (GDP) would be smaller than the change in the nominal one.
c.the change in the real measurement (GDP) would be greater than the change in the nominal one.
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
