Suppose that for a particular economy, nominal GDP in 2015 falls, compared to its previous level in 2014. Given this information, we know with certainty that O more information is needed to answer this question. O both the GDP deflator and real GDP fell during 2015. O the GDP deflator decreased during 2015. O real GDP decreased during 2015.

Suppose that for a particular economy, nominal GDP in 2015 falls, compared to its previous level in 2014. Given this information, we know with certainty that O more information is needed to answer this question. O both the GDP deflator and real GDP fell during 2015. O the GDP deflator decreased during 2015. O real GDP decreased during 2015.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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