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Author Question: If the GDP deflator is equal to 100, then for that year nominal GDP is equal to real GDP. ... (Read 64 times)

Anajune7

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

TRUE

Answer to Question 2

D


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