Business, 19.04.2021 16:10 devaughnnorthcu8221

Suppose a small economy produces only smart TVs. In year one, 100,000 TVs are produced and sold at a price of $1,200 each. In year two, 75,000 TVs are produced and sold at a price of $1,200 each. As a result, Multiple Choice real GDP increased. nominal GDP increased. real GDP decreased. real GDP stayed the same.

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Suppose a small economy produces only smart TVs. In year one, 100,000 TVs are produced and sold at a...