hailey200127
hailey200127
19.04.2021 • 
Business

Suppose a small economy produces only smart TVs. In year one, 100,000 TVs are produced and sold at a price of $1,200 each. In year two, 75,000 TVs are produced and sold at a price of $1,200 each. As a result, Multiple Choice real GDP increased. nominal GDP increased. real GDP decreased. real GDP stayed the same.

Solved
Show answers

Ask an AI advisor a question