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Author Question: When the value of nominal GDP increases from one year to the next, we know that one or two things ... (Read 24 times)

captainjonesify

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  • Posts: 543
on: Jun 29, 2018
When the value of nominal GDP increases from one year to the next, we know that one or two things must have happened during that time:
 
  A) The nation produced fewer goods and services and/or prices fell for goods and services.
  B) Consumption expenditure increased and/or corporate profits increased.
  C) Investment increased and/or payments to employees increased.
  D) The nation produced more goods and services and/or prices rose for goods and services.
  E) the value of real GDP must have increased and/or the price level must have decreased.

Question 2

The market implications of taste-based discrimination were in part developed by:
 
  A) Gary Becker.
  B) Amartya Sen.
  C) Simon Kuznets.
  D) Paul Samuelson.


huda

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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