Answer to Question #308295 in Macroeconomics for Sammy

Question

Which of the following statements is incorrect.

Select one:

A. If the population in South Africa grows at 5% per year, and the economic growth rate is 3% per year, a decline in the real GDP per capita occurs.

B. Stabilization policies refers to fiscal policy and monetary policy.

C. An increase in nominal GDP can result from an increase in the quantity produced of goods and services and or/the increase in the prices of goods and services produced.

D. An increase of 20% in the price of lamb meat is an example of inflation.

Answer 1

A is incorrect