Question
An increase in the nominal GDP by 5% can correspond to a.a decrease of real GDP by 10% and an increase of prices by 5%.
An increase in the nominal GDP by 5% can correspond to
a.a decrease of real GDP by 10% and an increase of prices by 5%.
b.an increase of real GDP by 9% and an increase of prices by 4%.
c.an increase of real GDP by 4% and a decrease of prices by 1%.
d.a decrease in real GDP by 2% and an increase of prices by 3%.
e.a decrease of real GDP by 5% and an increase of prices by 10%.
Which of the following is NOT a leakage from the circular flow of income and expenditure
a.Imports
b.Public saving
c.Taxes net of government transfers
d.Private saving
e.Government purchases
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