{"id":25499,"date":"2026-10-16T23:29:37","date_gmt":"2026-10-16T17:29:37","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/new-jersey-nominal-gdp-real-gdp-grow-different-rates\/"},"modified":"2026-10-16T23:29:37","modified_gmt":"2026-10-16T17:29:37","slug":"new-jersey-nominal-gdp-real-gdp-grow-different-rates","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/new-jersey-nominal-gdp-real-gdp-grow-different-rates\/","title":{"rendered":"Why can nominal GDP and real GDP grow at different rates?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Why can nominal GDP and real GDP grow at different rates?<\/p>\n\n\n<ul class=\"quiz-options\">\n<li>Only nominal GDP can include manufacturing<\/li>\n<li>Real GDP counts residents while nominal GDP counts counties<\/li>\n<li>Prices and measurement adjustments affect the comparison<\/li>\n<li>Both measure only wages<\/li>\n<\/ul>","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","subject":[3258],"topic":[3975,3997],"education_level":[1896],"class_list":["post-25499","mcq","type-mcq","status-publish","hentry","subject-us-economy","topic-new-jersey-facts","topic-state-gdp-and-economic-indicators","education_level-hsc"],"mcq_note":"<p><strong>The difference between nominal and real GDP growth reflects the effects of changing prices and measurement methods.<\/strong><\/p>\n<p>Nominal GDP incorporates price changes and output changes, whereas real GDP removes the estimated contribution of price inflation. Their growth rates therefore need not match. Both GDP concepts are informative, but they answer different analytical questions.<\/p>","mcq_options":[{"right":"no","answer":"Only nominal GDP can include manufacturing"},{"right":"no","answer":"Real GDP counts residents while nominal GDP counts counties"},{"right":"yes","answer":"Prices and measurement adjustments affect the comparison"},{"right":"no","answer":"Both measure only wages"}],"multi_answers":"no","subject_terms":[{"id":3258,"title":"U.S. Economy","slug":"us-economy"}],"topic_terms":[{"id":3975,"title":"New Jersey Facts","slug":"new-jersey-facts"},{"id":3997,"title":"State GDP and Economic Indicators","slug":"state-gdp-and-economic-indicators"}],"education_level_terms":[{"id":1896,"title":"HSC","slug":"hsc"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/25499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=25499"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=25499"}],"wp:term":[{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=25499"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=25499"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=25499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}