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Author Question: If nominal GDP in 2011 is greater than nominal GDP in 2010, the economy's real output of goods and ... (Read 85 times)

nevelica

  • Hero Member
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  • Posts: 563
on: Jun 30, 2018
If nominal GDP in 2011 is greater than nominal GDP in 2010, the economy's real output of goods and services must have risen.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When the foreign price level falls, domestic goods become more expensive relative to foreign goods, causing domestic net exports and aggregate demand to fall.
 a. True
  b. False
  Indicate whether the statement is true or false


GCabra

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

False

Answer to Question 2

True


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