If nominal GDP doubles and the GDP deflator doubles, then real GDP

a. remains constant.
b. doubles.
c. triples.
d. quadruples.

a

Economics

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In Figure 10-5 above, suppose that the economy's initial steady-state point is A. An increase in the rate of national saving changes the steady-state point to

A) point B. B) point C. C) point D. D) a point to the left of point A.

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The supply of eggs comes from chickens. The price of eggs will decrease if

A) the supply of chickens decreases. B) the supply of eggs decreases. C) the price of chickens increases. D) the demand for eggs decreases.

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