If Nominal GDP is equal to real GDP, then
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1 mark, −0.33MacroeconomicsNational income accountingPrice indices: the GDP deflator and CPIEasyabout 1 min
UoH 2016 Question 65: National income accounting
Answer and worked solution
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on Price indices: the GDP deflator and CPI, part of National income accounting in Macroeconomics.
How the price level and inflation are measured, and how the deflator differs from the CPI.
TestStop has 18 past-paper questions on this subtopic.
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Question from the UoH 2016 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.