If nominal GDP rises from $5 billion to $6 billion, when the GDP deflator goes from 100 to 110, real GDP
a. rises
b. falls.
c. stays the same.
d. could either be rising or falling.
a
Economics
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Could pollution be eliminated by banning all activities harmful to the environment?
A) No, because legislation is influenced by industrial lobbyists. B) No, because the cost of doing so would be higher than even the most dedicated environmentalist would agree to accept. C) Not until we have better information on the sources of pollution. D) Yes, if we are willing to place long-run considerations ahead of short-run profits.
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What is the relationship between individual supply and market supply?
What will be an ideal response?
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