If nominal GDP doubles and the GDP deflator doubles,then real GDP
A) remains constant.
B) doubles.
C) triples.
D) quadruples.
Correct Answer:
Verified
Q24: Suppose an economy's production consists only of
Q25: If in some year nominal GDP was
Q26: A country's real GDP rose from $500
Q28: The inflation rate in year 2 equals
A)
Q30: If in some year nominal GDP was
Q31: If nominal GDP is $12 trillion and
Q32: The percentage change in the price level
Q33: If in some year real GDP was
Q34: An economy recently reported nominal GDP of
Q212: The term economists use to describe a
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