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Author Question: Nominal GDP will always equal real GDP: a. if prices are declining. b. in the base year. c. if ... (Read 28 times)

moongchi

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on: Jun 30, 2018
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


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leahm14

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


moongchi

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

mohan

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Reply 3 on: Yesterday
Excellent

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