A persistently declining price level resulting from economic growth and unchanged aggregate demand is called

GDP is: a. the total value of all consumer expenditures within a given period

b. national income after taxes. c. the total value of all final goods and services plus intermediate goods and services produced domestically within a given period. d. the value of all final goods and services produced domestically within a given period.

If a nation has a real GDP of $100,000 with 1,000 people, real GDP per capita would be $1,000 per person

a. True b. False Indicate whether the statement is true or false