Suppose a small economy produces only smart TVs. In year one, 84,000 TVs are produced and sold at a price of $1.000 each

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Suppose a small economy produces only smart TVs. In year one, 84,000 TVs are produced and sold at a price of $1.000 each

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Suppose A Small Economy Produces Only Smart Tvs In Year One 84 000 Tvs Are Produced And Sold At A Price Of 1 000 Each 1
Suppose A Small Economy Produces Only Smart Tvs In Year One 84 000 Tvs Are Produced And Sold At A Price Of 1 000 Each 1 (17.36 KiB) Viewed 25 times
Suppose a small economy produces only smart TVs. In year one, 84,000 TVs are produced and sold at a price of $1.000 each. In year two, 80,500 TVs are produced and sold at a price of $1,100 each. As a result, Multiple Choice nominal GDP stayed the same. real GDP stayed the same. real GDP decreased. real GDP increased.
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