Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 23 - Part VIII - Measuring a Nation's Income - Quick Check Multiple Choice: 6

Answer

B

Work Step by Step

Real GDP will rise because quantity produced rises and changes in price do not affect real GDP. Nominal GDP will remain unchanged because the rate at which prices fall is equal to the rate at which quantity produced rises.
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