In the figure above, with the tariff the United States imports ...

[nautica902]

In the figure above, with the tariff the United States imports ________ million shirts per year.
 
  A) 24
  B) 8
  C) 32
  D) 16

Question 2

Is it possible for nominal GDP to increase while real GDP does not change?
 
  What will be an ideal response?

[KKcool]

Answer to Question 1

D

Answer to Question 2

Yes, it is possible for nominal GDP to increase while real GDP does not change. Nominal GDP changes if either prices or production change, while real GDP changes only if production changes. If production does not change while the prices of the goods and services increase, real GDP does not change while nominal GDP increases.

[nautica902]

Thanks for the timely response, appreciate it

[meow1234]

Wow, this really help