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Exercise n.1 Please state whether each of the following claims are true, false or uncertain. Justify for your answer. a) An increase in the growth
Exercise n.1 Please state whether each of the following claims are true, false or uncertain. Justify for your answer. a) "An increase in the growth rate of the nominal GDP implies an increase in the growth rate of the real GDP". b) "A decrease in the price of a good that is imported into Poland - holding all other prices and quantities fixed - will tend to decrease both the GDP deflator and the CPI index in Poland". c) "Government's transfer payments to individuals enter into the computation of the GDP". d) "In the base year, nominal and real GDP are equal
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