Nominal GDP in Nowhereland in 2018 and 2019 is as follows: NGDP 2018 GDP 2019 $4 trillion

Question:

Nominal GDP in Nowhereland in 2018 and 2019 is as follows:

NGDP 2018

GDP 2019

$4 trillion

4.8 trillion


Can you say that the production of goods and services in Nowhereland has increased between 2018 and 2019? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

Question Posted: