Question

Consider the Real GDP expressed in 2001 Dollars and the Real GDP expressed in 2002 Dollars. The growth rate of the economy between 2001 and 2002, calculated using the Real GDP in 2001 Dollars, is: a. higher than the growth rate calculated using the Real GDP in 2001 Dollars. b. the same as the growth rate calculated using the Real GDP in 2002 Dollars. c. lower than the growth rate calculated using the Real GDP in 2002 Dollars. d. it can be any of the above answers, depending on circumstances.

          Consider the Real GDP expressed in 2001 Dollars and the Real GDP expressed in 2002 Dollars. The growth rate of the economy between 2001 and 2002, calculated using the Real GDP in 2001 Dollars, is: a. higher than the growth rate calculated using the Real GDP in 2001 Dollars. b. the same as the growth rate calculated using the Real GDP in 2002 Dollars. c. lower than the growth rate calculated using the Real GDP in 2002 Dollars. d. it can be any of the above answers, depending on circumstances.

Added by Elizabeth A.

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