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Suppose that in 2020 Rivian produced 1 million cars priced at $20 000 each. And in 2021 they produced 0.5 million cars priced at $40
Suppose that in 2020 Rivian produced 1 million cars priced at $20 000 each. And in 2021 they produced 0.5 million cars priced at $40 000 each. Ceteris paribus, the change in nominal national income is Question 6 options: an increase because the price of each car increased. insufficient information to know. a decrease because fewer cars were produced. an increase because of inflation. no change in nominal national income
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