Real GDP would increase by 3 percent if nominal GDP increased by:

A. 2 percent and inflation increased by 1.5 percent.
B. 5 percent and inflation increased by 2 percent.
C. 1 percent and inflation increased by 2 percent.
D. 6 percent and inflation increased by 2 percent.


Answer: B

Economics

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What will be an ideal response?

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Answer the following statement true (T) or false (F)

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Two components of labor are:

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