If nominal GDP increases,which of the following will always take place?
A) Output will have increased but prices will have fallen or remained the same.
B) Prices will have increased but output will have fallen or remained the same.
C) Both output and prices will have increased.
D) none of the above
Correct Answer:
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Q60: Table 2-1 Q61: In order to determine personal income,what adjustments Q62: If real GDP has increased,which of the Q63: The leakage and injections approach implies that Q64: Economic magnitudes measured at the prices actually Q66: Suppose that nominal GDP were $1200 billion Q67: We go from Gross to Net Domestic Q68: (C + S +T)most closely approximates Q69: The current official "base year" is Q70: Suppose exports and imports both rise by
A)personal income.
B)personal
A)2000.
B)1992.
C)1980.
D)1972.
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