True or False: if a country's NOMINAL GDP increases, this means the country is clearly producing more goods and services
Posted: Sun Jun 05, 2022 4:16 pm
True or False: if a country's NOMINAL GDP increases, this means the country is clearly producing more goods and services. a. True Ob. Uncertain, nominal GDP does not account for fluctuations in prices c. False, it depends on the institutions of the country Od. True, clearly Nominal GDP is the best measure of standard of living