Answer the next two questions based on the following nominal fi gures for an economy:If
Chapter 13, Problem 4(choose chapter or problem)
Answer the next two questions based on the following nominal fi gures for an economy:If all the numbers in the table remain the samefor two years in a row, even though the economyexperiences an increase in the price level, a. real GDP will increase from the fi rst year to thesecond year. b. nominal GDP will increase from the fi rst year tothe second year. c. real GDP will decrease from the fi rst year to thesecond year. d. nominal GDP will decrease from the fi rst year tothe second year.
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