Business
Business, 08.01.2020 01:31, kaseyvn03

In the second quarter (three-month period) of 2016, u. s. nominal gdp increased but u. s. real gdp declined.
what can we conclude?
a. nominal income declined by more than personal income.
b. the price level rose by more than nominal gdp.
c. real wages declined by more than real gdp.
d. the price level fell by more than real gdp.

answer
Answers: 1

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In the second quarter (three-month period) of 2016, u. s. nominal gdp increased but u. s. real gdp d...

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