Suppose in 2000 . nominal GDP in Russia was 1000 rubles and it increased to 2000 rubles in 2001 . If we know that the base year is 2000 and the GDP deflator in 2001 is 100, then of the 1000 ruble increase in nominal GDP, ______ is an increase in real GDP

The poverty line is updated each year for rising prices but not for increasing standards of living

Indicate whether the statement is true or false

For a simple economy (no government, no foreign sector), the condition for equilibrium can be stated correctly as

a. saving equals actual investment. b. saving equals inventory accumulation. c. saving equals planned investment. d. inventory accumulation equals planned investment.