Question: Real GDP will increase A. only when prices increase. B. when prices increase or output increases. OC. All of the above are correct. D.

Real GDP will increase A. only when prices increase. B. when prices increase or output increases. OC. All of the above are correct. D. only when output increases. Real GDP will increase A. only when prices increase. B. when prices increase or output increases. OC. All of the above are correct. D. only when output increases.

Step by Step Solution

★★★★★

3.38 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer Explanation In an expanding economy the GDP growth rate will be positive be... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Photosynthesis produces a. carbohydrates b. proteins c. lipids d. all of the above types of compounds

a)Prepare genral journal entries for all of the above transactions and year-end adjustments. For the initial purchase, you need only to record one debit for each security category. b) what...

Provide the journal entries for all of the above transactions for the year ended 28 February 2020. Ignore narrations. Tina Limited produces a thick, foul-smelling medicine that has been found to be...

How would you design a program to improve motivation for a group of low-achieving high school students? What would the elements of the program be? What theories would you use? Please, elaborate.

Does a more individual focus on the human experience, that typically accompanies a Humanistic or Existential Psychological perspective, allow for more cultural sensitivity? Yes or No. Why, and be...

Table 1 Production Possibilities Combination Soybeans(Tons) Plasma TV's A 1,000 0 B 800 100 C 600 150 D 400 175 E 200 190 F 0 200 1- Using Table 1 above, what is the opportunity cost of producing 800...

Chapter 8: Fixed Blur Question 1 (1 point) Consider the AD/AS model. Suppose there is a decrease in aggregate demand and, simultaneously, an increase in aggregate supply. The result will be a O Al...

Introduction With the Winter Gear Distributors case, you experienced the value of integrating all of the stand-alone information systems within a company into one comprehensive system. As we saw,...

Q1. Suppose the public expects a 4 percent inflationrate, while the Federal Reserve unexpectedly allows the money growth rate to be 5 percent. In the shortrun, we expect that A. real interest rates...

80 10 X08 Priority: MBA 644 Managerial Economics Final Exam CH 8-13 Spr 24 Brennan 10000 -urey 18) The suggestion that a seller will try to set price based on "what the market will bear" is explicit...

MOON Inc. manufactures drones. The company currently uses a plantwide overhead rate traditional method) based on direct labour hours to allocate manufacturing overhead to individual jobs. It...

iid Estimating variance for normal data. Suppose that we observe data X1, ..., Xn N(0, v) we know the mean is 0, but we don't know the variance v. (We are writing variance = v, instead of , to make...

Four small spheres, each of which you can regard as a point of mass 0.200 kg, are arranged in a square 0.400 m on a side and connected by light rods a)Find the moment of inertia of the system about...

In the class, we leamt the capital recovery factor (CRF) that is given as i(1+i)n (1+i)n - 1 where i the interest rate and n is the number of annuities received. CRF 4a) (10pts) Given i, find the...

Despite growing regulation and recognition of quality management system (with Nigeria as a case study), the influx of fake and substandard products is becoming difficult to control. Required: As a...

Activity 3 Response: As an investigation of scientific question B, consider an object that is not the human body, but that also has a consistently higher temperature than the environment. Based on...

value: 25.00 points The income statement, balance sheets, and addtional tion for Video P VIDEO PHONES, INC Ended December 31, 2018 Net sales $ 3,086,000 Cost of goods sold Depreciation expense Loss...

A sample statistic will not change from sample to sample. Determine whether the statement is true or false. If it is false, rewrite it as a true statement.

Suppose arrays A and B are both sorted and both contain N elements. Give an O(logN) algorithm to find the median of A B.

The inner loop of the cubic maximum subsequence sum algorithm performs N(N+1)(N+2)/6 iterations of the innermost code. The quadratic version performs N(N + 1)/2 iterations. The linear version...

For MyLinkedList, implement addFirst, addLast, removeFirst, removeLast, getFirst, and getLast by making calls to the private add, remove, and getNode routines, respectively.

Based on the Normal model N(100, 16) describing IQ scores, what percent of people's IQs would you expect to be a) Over 80? b) Under 90? c) Between 112 and 132?

A specialty foods company sells "gourmet hams" by mail order. The hams vary in size from 4.15 to 7.45 pounds, with a mean weight of 6 pounds and standard deviation of 0.65 pounds. The quartiles and...

Here is a timeplot of the same domestic load factors as in Exercise 7 but this time with a different smoother (called a median smoother) applied. a) What patterns do you see in this plot? b) Do you...