{"id":26564,"date":"2026-11-01T03:51:30","date_gmt":"2026-10-31T21:51:30","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/when-can-nominal-income-grow-while-purchasing-power-decreases\/"},"modified":"2026-11-01T03:51:30","modified_gmt":"2026-10-31T21:51:30","slug":"when-can-nominal-income-grow-while-purchasing-power-decreases","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/when-can-nominal-income-grow-while-purchasing-power-decreases\/","title":{"rendered":"When can nominal income grow while purchasing power decreases?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">When can nominal income grow while purchasing power decreases?<\/p>\n\n\n<ul class=\"quiz-options\">\n<li>Prices rise faster than income<\/li>\n<li>Prices fall faster than income<\/li>\n<li>Income growth always exceeds inflation<\/li>\n<li>Inflation is exactly zero<\/li>\n<\/ul>","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","subject":[3258],"topic":[4079,4068],"education_level":[1896],"class_list":["post-26564","mcq","type-mcq","status-publish","hentry","subject-us-economy","topic-hawaii-economy","topic-hawaii-facts","education_level-hsc"],"mcq_note":"<p><strong>An increase<\/strong> in nominal income can coincide with a decrease in real purchasing power if prices rise faster.<\/p><p>Nominal GDP uses current prices, while real GDP adjusts for inflation to compare production over time.<\/p>","mcq_options":[{"right":"yes","answer":"Prices rise faster than income"},{"right":"no","answer":"Prices fall faster than income"},{"right":"no","answer":"Income growth always exceeds inflation"},{"right":"no","answer":"Inflation is exactly zero"}],"multi_answers":"no","subject_terms":[{"id":3258,"title":"U.S. Economy","slug":"us-economy"}],"topic_terms":[{"id":4079,"title":"Hawaii Economy","slug":"hawaii-economy"},{"id":4068,"title":"Hawaii Facts","slug":"hawaii-facts"}],"education_level_terms":[{"id":1896,"title":"HSC","slug":"hsc"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/26564","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=26564"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=26564"}],"wp:term":[{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=26564"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=26564"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=26564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}