« previous next »

Author Question: If real GDP decreased by 1 and nominal GDP increased by 2, then output: a. increased and the price ... (Read 108 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
If real GDP decreased by 1 and nominal GDP increased by 2, then output:
 a. increased and the price level increased.
  b. increased and the price level decreased.
  c. decreased and the price level increased.
  d. decreased and the price level decreased.

Question 2

Which of the following statements is true?
 a. Real GDP is a positive function of net exports.
  b. In the 1980s, the United States experienced a large trade surplus with Japan.
  c. Positive net exports mean that the domestic country imports more than it exports.
  d. Total U.S. net exports with Western Europe are zero.
  e. U.S. net exports are negative because of large trade deficits with other industrial nations.


ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

The extent of acid rain in the United States has decreased. The extent of acid rain in the United States has decreased.
The output on this alternator is printed on a label. The output on this alternator is printed on a label.
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
Inferring Productivity from Data on Output and Factor Accumulation Inferring Productivity from Data on Output and Factor Accumulation
Who is the “real” Beyoncé—doting mother or Sasha Fierce? Who is the “real” Beyoncé—doting mother or Sasha Fierce?
Determine the # of real roots from the equation Determine the # of real roots from the equation
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library