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SirJohnny SirJohnny
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A year ago
Newlandia's nominal GDP grew from 120 billion dollars to 132 billion dollars in one year. Which of the following is NOT a possible combination of growth in real GDP and inflation that this might reflect?

▸ 5% growth in real GDP and 5% inflation

▸ 2% growth in real GDP and 8% inflation

▸ 6% growth in real GDP and 7% inflation

▸ 10% growth in real GDP and 0% inflation
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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jchang19jchang19
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A year ago
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