Business

Kamora Lynn

14 April, 03:37

If both the production of goods and services increase and prices rise, then the change in nominal GDP

a. Understates the change in production.

b. Accurately reflect the change in production.

c. Overstate the change in production.

d. More information is needed to determine how the change in nominal GDP compares to the change in production.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “If both the production of goods and services increase and prices rise, then the change in nominal GDP a. Understates the change in ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Background Info: Tom finds a second personal loan option. This loan would also require him to repay the principal in one lump sum after three years.

With a sole proprietorship, who pays the taxes?

When gathering information, which of the following tasks might you need to perform? a. fill out forms, follow procedures, and apply math and science b. study objects, conduct tests, research written materials, and ask questions c.

Coronado Company reported a net loss of $6500 for the year ended December 31, 2019. During the year, accounts receivable increased $15000, inventory decreased $12200, accounts payable decreased by $19900, and depreciation expense of $11900 was

Which would most likely increase aggregate supply? rev: 06_12_2018 Multiple Choice An increase in the prices of imported products An increase in productivity A decrease in business subsidies A decrease in personal income taxes

New Questions in Business

Suppose the bond has 10 year to maturity, and the bond has a 5% yield (that is, annual return). what price does this bond sell for? what if the yield of the bond is 6%?

The advantage of a limited partnership business structure as opposed to a corporate business structure is: A. flow-through of gain and loss B. centralized management C. lower risk of audit D. limited liability

Prepare the journal entry to record bad debt expense assuming Novak Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,470 debit balance.

Holden, a buyer for a medium-sized company, is assessing the value of competing software products for use in his firm. Which would NOT be a customer benefit considered in his determination of this product's value?

In the United States, only five states currently charge sales tax on purchases.