Business, 11.02.2020 05:27 lexiecooley

Which statement is TRUE?

a. Nominal GDP is calculated using prices that do not change over time.
b. Real variables have been adjusted for changes in prices.
c. Nominal variables have been adjusted for changes in prices.
d. An increase in nominal GDP automatically means we have produced more.

Answers: 1

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Which statement is TRUE?

a. Nominal GDP is calculated using prices that do not change o...