An increase of 10 in nominal GDP indicates that-09357
An increase of 10% in nominal GDP indicates that:
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.20.
An increase of 10% in nominal GDP indicates that:
Real output has increased by 10%.
The aggregate price level has increased by 10%
Real output and the aggregate price level have increased by 5% each
It is possible that all of the increase was caused by an increase in the aggregate price level
