Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Ok, I understand!
Your school or university
Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Macro Topic 2.6 Real v. Nominal GDP_Quiz | Real_vs_Nominal_GDP_2022
Exam (elaborations) • 3
pages
• 2021
Real vs Nominal GDP





Macro Topic 2.6

Real v. Nominal GDP

Part 1: Check Your Understanding- Answer the questions.

1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not?

2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain.

3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...
Macro Topic 2.6 Real v. Nominal GDP_Quiz | Real_vs_Nominal_GDP_2022
Last document update:
ago
Real vs Nominal GDP





Macro Topic 2.6

Real v. Nominal GDP

Part 1: Check Your Understanding- Answer the questions.

1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not?

2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain.

3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day.
Fear of missing out? Then don’t!
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day.
Discover all about earning on Stuvia