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Economics (AS & A Level) · Oct / Nov 2023 · Paper 11 · Question 23

9708Economic growth

Under which conditions will nominal GDP and real GDP increase at the same rate in an economy?

  1. Arate of change of national output 0, rate of change of general price level -2
  2. Brate of change of national output 0, rate of change of general price level +2
  3. Crate of change of national output +2, rate of change of general price level 0
  4. Drate of change of national output +2, rate of change of general price level +2

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Correct answer: C. rate of change of national output +2, rate of change of general price level 0

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