Between the start of 20162016 and the start of 20172017?, a? country's economic growth rate was 4 percent. Its population did not change during the? year, nor did its price level.
What will be an ideal response?
The rate of increase of the? country's nominal GDP during this? one-year interval is 4% .
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An open-market purchase of foreign bonds to increase a central bank's international reserves:
A. increases the central bank's liabilities and decreases its assets. B. increases the central bank's liabilities and assets. C. decreases the central bank's assets and liabilities. D. increases the central bank's assets but decreases its liabilities.
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.