menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Study Set 8
  4. Exam
    Exam 25: Measuring and Describing the Aggregate Economy
  5. Question
    Suppose That Both Nominal GDP and Prices Double
Solved

Suppose That Both Nominal GDP and Prices Double

Question 144

Question 144

Multiple Choice

Suppose that both nominal GDP and prices double. We can conclude that real output:


A) more than doubled.
B) doubled.
C) remained constant.
D) fell.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q139: When news reports state that inflation has

Q140: If the percent change in nominal GDP

Q141: One of the limitations of aggregate accounting

Q142: If nominal wealth increases faster than real

Q143: Because official price indexes do not account

Q145: Real output is $550 billion and nominal

Q146: Payments for the use of land and

Q147: Suppose real estate prices rise by 40

Q148: Payments to the owners of firms are

Q149: Refer to the table shown.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines