QUESTION 2 An increase in the nominal GDP by 6% can correspond to a decrease in real GDP by 3% and an increase of prices by 3%. O a decrease of real GDP by 4% and an increase of prices by 10%. an increase of real GDP by 5% and a decrease of prices by 1%. O an increase of real GDP by 9% and an increase of prices by 3%.

QUESTION 2 An increase in the nominal GDP by 6% can correspond to a decrease in real GDP by 3% and an increase of prices by 3%. O a decrease of real GDP by 4% and an increase of prices by 10%. an increase of real GDP by 5% and a decrease of prices by 1%. O an increase of real GDP by 9% and an increase of prices by 3%.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Measuring A Nation's Income

Section: Chapter Questions

Problem 6CQQ

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