Consider an economy over the years 2008 and 2009.The output in the economy remained constant over these two years,but the prices of all goods and services halved.In such a situation,________.
A) the nominal GDP of the economy increased over the two years
B) the nominal GDP of the economy remained the same over the two years
C) the real GDP of the economy increased over the two years
D) the real GDP of the economy stayed the same over the two years
Correct Answer:
Verified
Q46: Scenario: Bookland is a country that produces
Q47: In Swaziland,the nominal GDP growth rate is
Q48: Which of the following equations correctly links
Q49: Scenario: Bookland is a country that produces
Q50: Scenario: Bookland is a country that produces
Q52: Scenario: Bookland is a country that produces
Q53: If the growth rate of nominal GDP
Q54: The quantity theory of money assumes a
Q55: Which of the following equations correctly links
Q56: In Swaziland,the nominal GDP growth rate is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents