4. Two countries A & B have completely fixed and flexible prices respectively. Consider this data GDP A Prices A GDP B Prices B year 1 5200 units 26 5200 units 26 year 2 there occurs a negative demand shock. A has a 30% decline in output. B has a 30% decline in prices. Compute Real GDP in A and B in year 1 and 2. 4 answers.Which county would experience a recession - a decline in output? Why

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To compute the Real GDP in countries A and B for year 1 and year 2 we need to take into account the ... View the full answer