Suppose nominal GDP in 2009 does not change (compared its previous level in 2008).Given this information,we know with certainty that
A)real GDP increased during 2009.
B)the GDP deflator increased during 2009.
C)both the GDP deflator and real GDP fell during 2009.
D)more information is needed to answer this question.

Question

Quizplus · Accepted Answer

Nominal GDP is the market value of goods and services produced in an economy, unadjusted for inflation. Without knowing the changes in price levels (inflation or deflation) or the quantity of goods and services produced (real GDP), it's impossible to determine the behavior of real GDP or the GDP deflator from the information given.

Suppose Nominal GDP in 2009 Does Not Change (Compared Its