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Answer to Question #135439 in Macroeconomics for James
Question #135439
If Total Output(production)remains the same andallprice double,the real Gross Domestic Product (GDP): (2)
(a) Is constant and nominal GDP doubles;
(b) And nominal GDP are both constant;
(c) IsconstantandnominalGDPisreducedbyhalf;
(d) Doubles and nominal GDP is constant.
(a) Is constant and nominal GDP doubles;
(b) And nominal GDP are both constant;
(c) IsconstantandnominalGDPisreducedbyhalf;
(d) Doubles and nominal GDP is constant.
Expert's answer
A)
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