Suppose that for a particular economy, nominal GDP in 2015 falls, compared to its previous level in 2014. Given this information, we know with certainty that O more information is needed to answer this question. O both the GDP deflator and real GDP fell during 2015. O the GDP deflator decreased during 2015. O real GDP decreased during 2015.

Suppose that for a particular economy, nominal GDP in 2015 falls, compared to its previous level in 2014. Given this information, we know with certainty that O more information is needed to answer this question. O both the GDP deflator and real GDP fell during 2015. O the GDP deflator decreased during 2015. O real GDP decreased during 2015.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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