Suppose that both nominal GDP and prices double. We can conclude that real output:
A) more than doubled.
B) doubled.
C) remained constant.
D) fell.
Correct Answer:
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Q129: If nominal GDP is $10 trillion and
Q130: Real GDP is calculated by:
A)multiplying nominal GDP
Q131: Which of the following provides the closest
Q132: If the percent change in nominal GDP
Q133: If the percent change in nominal GDP
Q135: Real GDP would increase by 3 percent
Q136: Suppose nominal GDP is $14 trillion and
Q137: The relationship between real GDP and nominal
Q138: The price index that measures the average
Q139: If the percent change in nominal GDP
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