If increased productivity lowers unit labour costs across the economy by 2 percent:
A) real GDP will increase with no change in nominal GDP.
B) real and nominal GDP will both increase.
C) real and nominal GDP will both fall.
D) real and nominal GDP will both be unchanged.

Question

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The Answer of If increased productivity lowers unit labour costs across the economy by 2 percent:
A) real GDP will increase with no change in nominal GDP.
B) real and nominal GDP will both increase.
C) real and nominal GDP will both fall.
D) real and nominal GDP will both be unchanged.

If Increased Productivity Lowers Unit Labour Costs Across the Economy