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6 Quiz 4 Suppose a small economy produces only smart TVs. In year one, 75,000 TVs are produced and sold at a price of $1,200 each. In year two, 70,000 TVS are produced and sold at a price of $1,210 each. As a result, Ask Multiple Choice sc Mc real GDP decreased. nominal GDP stayed the same. О real GDP stayed the same. Graw Hill O 17 real GDP increased. # a 2 3 Q W E < Prev Prev 24 of 25 Next > $ % 5 44 RF A S D N で option X C H command MacBook Pro 6)> & 7 T Y U > 8 * 0 + ) 9 Ο -O G H Ј K L < B N M H P € ... Λ = + 11 لمانيا 2 =- ? command option }

6 Quiz 4 Suppose a small economy produces only smart TVs. In year one, 75,000 TVs are produced and sold at a price of $1,200 each. In year two, 70,000 TVS are produced and sold at a price of $1,210 each. As a result, Ask Multiple Choice sc Mc real GDP decreased. nominal GDP stayed the same. О real GDP stayed the same. Graw Hill O 17 real GDP increased. # a 2 3 Q W E < Prev Prev 24 of 25 Next > $ % 5 44 RF A S D N で option X C H command MacBook Pro 6)> & 7 T Y U > 8 * 0 + ) 9 Ο -O G H Ј K L < B N M H P € ... Λ = + 11 لمانيا 2 =- ? command option }

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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6 Quiz 4 Suppose a small economy produces only smart TVs. In year one, 75,000 TVs are produced and sold at a price of $1,200 each. In year two, 70,000 TVS are produced and sold at a price of $1,210 each. As a result, Ask Multiple Choice sc Mc real GDP decreased. nominal GDP stayed the same. О real GDP stayed the same. Graw Hill O 17 real GDP increased. # a 2 3 Q W E < Prev Prev 24 of 25 Next > $ % 5 44 RF A S D N で option X C H command MacBook Pro 6)> & 7 T Y U > 8 * 0 + ) 9 Ο -O G H Ј K L < B N M H P € ... Λ = + 11 لمانيا 2 =- ? command option }
Transcribed Image Text:6 Quiz 4 Suppose a small economy produces only smart TVs. In year one, 75,000 TVs are produced and sold at a price of $1,200 each. In year two, 70,000 TVS are produced and sold at a price of $1,210 each. As a result, Ask Multiple Choice sc Mc real GDP decreased. nominal GDP stayed the same. О real GDP stayed the same. Graw Hill O 17 real GDP increased. # a 2 3 Q W E < Prev Prev 24 of 25 Next > $ % 5 44 RF A S D N で option X C H command MacBook Pro 6)> & 7 T Y U > 8 * 0 + ) 9 Ο -O G H Ј K L < B N M H P € ... Λ = + 11 لمانيا 2 =- ? command option }
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