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Tue 3 Jan, 2012 07:34 am
If production remains the same and all prices fall by 50%, then real GDP:
A) is constant and nominal GDP is reduced by half
B) and nominal GDP are both constant
C) is constant and nominal GDP doubles
D) falls by half and nominal GDP remains constant
@mikeramu,
You understand that government spending, which has exactly nothing to do with production, is a component of GDP?
@roger,
As taxing as it may seem I think the yanks and poms should pay off their debt to the world.
@fobvius,
Which is related to the question or my addition how?
@mikeramu,
Well, why don't you start the conversation by telling us what
you think? My guess is that you think you'd rather have us do your homework, but I'll happily let you change your mind.
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