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%.
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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![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%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce25e68c-7709-4841-bcbc-d08d51f1992b%2Fb2ef6a80-71c7-453f-aed1-68cc7873371c%2F02h84z_processed.png&w=3840&q=75)
Transcribed Image Text: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%.
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