This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose that nominal GDP did not change in 2011, and real GDP decreased, relative to the year 2010 . ... (Read 29 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 30, 2018
Suppose that nominal GDP did not change in 2011, and real GDP decreased, relative to the year 2010 . It can be concluded that:
 a. total production of goods and services in the economy did not change in 2011.
  b. the economy experienced deflation during 2011.
 c. the price level did not change during 2011.
 d. total production of goods and services in the economy declined during 2011.

Question 2

The average propensity to save (APS) is the proportion of disposable income that is saved.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Expo

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 30, 2018
Gracias!

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Relative rate test, calibrating the molecular clock, and calculating divergence dates. Relative rate test, calibrating the molecular clock, and calculating divergence dates.
Climate change occurs over millions of years Climate change occurs over millions of years
Neutral Technological Change Neutral Technological Change
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Consistency and Change in Personality Over the Lifespan Consistency and Change in Personality Over the Lifespan
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library