Question
If production remains the same and all prices rise by 50%, then real GDP A.is constant and nominal GDP is reduced by half. B.and nominal
If production remains the same and all prices rise by 50%, then real GDP
A.is constant and nominal GDP is reduced by half.
B.and nominal GDP are both constant.
C. is constant and nominal GDP is increased by half.
D.falls by half and nominal GDP remains constant.
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Econometric Evaluation Of Socio-Economic Programs Theory And Applications
Authors: Giovanni Cerulli
1st Edition
3662464055, 9783662464052
