Author Question: If the GDP deflator is equal to 100, then for that year nominal GDP is equal to real GDP. ... (Read 23 times)

Anajune7

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If the GDP deflator is equal to 100, then for that year nominal GDP is equal to real GDP.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 3-1. An increase in the price of a complement would be represented by a movement from
 
  A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.



Tonyam972

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Answer to Question 1

TRUE

Answer to Question 2

D



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