0
   

If production remains the same and all prices fall by 50%, then real GDP:

 
 
Reply 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
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 1,901 • Replies: 4
No top replies

 
roger
 
  1  
Reply Tue 3 Jan, 2012 02:27 pm
@mikeramu,
You understand that government spending, which has exactly nothing to do with production, is a component of GDP?
fobvius
 
  1  
Reply Tue 3 Jan, 2012 08:06 pm
@roger,
As taxing as it may seem I think the yanks and poms should pay off their debt to the world.
roger
 
  1  
Reply Tue 3 Jan, 2012 10:09 pm
@fobvius,
Which is related to the question or my addition how?
0 Replies
 
Thomas
 
  1  
Reply Thu 5 Jan, 2012 04:45 am
@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.
0 Replies
 
 

Related Topics

Doom and gloom of our economy - Question by cicerone imposter
 
  1. Forums
  2. » If production remains the same and all prices fall by 50%, then real GDP:
Copyright © 2022 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 08/12/2022 at 08:33:49