Solved

If Real GDP Doubles and the GDP Deflator Doubles, What

Question 43

Multiple Choice

If real GDP doubles and the GDP deflator doubles, what will happen to nominal GDP?

A) It will stay the same.
B) It will double.
C) It will triple.
D) It will quadruple.

Related Questions

Q38: GDP is used as the basic measure

Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table

Q40: Sophie, a Canadian citizen, works in the

Q41: Which statistic is the best single measure

Q42: How is a country's wealth related to

Q44: A hypothetical economy produces only two items:

Q45: Hank, a British citizen, only works in

Q46: Which nonmarket good or service is included

Q47: In a simple circular-flow diagram, why is

Q48: If the current GDP deflator is 150