Suppose a small economy produces only MP3 players. IN year 1, 10,000 MP3 players are produce and sold at a price of $100 each. in year 2, 12,000 MP3 players are produced and sold at a price of $80 each. Which of the following statements is true? Real GDP and nominal GDP both increase Real GDP increase while nominal GDP remains constant Real GDP decreases while nominal GDP increases Real GDP increases while nominal GDP decreases

Real GDP increases while nominal GDP decreases

Explanation:

year 1: 10,000 MP3 players were produced at $100 each ⇒

real GDP = 10,000 x $100 = $1,000,000nominal GDP = 10,000 x $100 = $1,000,000

year 2: 12,000 MP3 players were produced at $80 each ⇒

nominal GDP = 12,000 x $80 =$960,000, real GDP = 12,000 x $100 = $1,200,000

real GDP year 2 increases from $1 million to $1.2 million

nominal GDP year 2 decreases from $1 million to $960,000

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

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