Question

Which of the following statements is false?

 A. The GDP deflator is a price index.
 B. Educating workers is part of human capital.
 C. Inflation in Canada is a macroeconomic subject.
 D. Goods sold on Kijiji in 2020 are not included in the 2020 GDP calculation.
 E. For the base year, nominal GDP is greater than real GDP.

Answer 1

E. For base year, nominal GDP is greater than real GDP.