Suppose that in 2016 Canada's automobile manufacturers produced 2 million cars priced at $20 000 each....

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Suppose that in 2016 Canada's automobile manufacturers produced 2 million cars priced at $20 000 each. And in 2017 they produced 1 million cars priced at $40 000 each. Ceteris paribus, the change in nominal national income is O O B O A a decrease because fewer cars were produced. O с D insufficient information to know. no change in nominal national income. an increase because of inflation. Suppose that in 2016 Canada's automobile manufacturers produced 2 million cars priced at $20 000 each. And in 2017 they produced 1 million cars priced at $40 000 each. Ceteris paribus, the change in nominal national income is O O B O A a decrease because fewer cars were produced. O с D insufficient information to know. no change in nominal national income. an increase because of inflation.

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The detailed answer for the above question is provided below The correct answer is C no change in no... View the full answer