Nominal GDP will always equal real GDP: a. if prices are ...

[moongchi]

Nominal GDP will always equal real GDP:
 a. if prices are declining.
 b. in the base year.
 c. if prices are increasing.
 d. if the economy's total production does not change.

Question 2

At the point where consumption equals disposable income, the average propensity to consume equals 1.
 a. True
  b. False
  Indicate whether the statement is true or false

[leahm14]

Answer to Question 1

b

Answer to Question 2

True

[moongchi]

YES! Correct, THANKS for helping me on my review

[Animal_Goddess]

Thanks for the timely response, appreciate it