Answer to Question #74961 in Macroeconomics for Thulie

Question

Question 80 is based on the table below which shows the GDP at current prices of country A for the years 1 and 2.

Year. GDP at current prices
1 100
2 110

80. Which of the following statements are correct?
a. The increase in GDP from year 1 to year 2 can be the result of an increase in the general price level.
b. The increase in GDP from year 1 to year 2 can be the result of an increase in production.
c. From the given information it is impossible to tell whether the 10% increase in GDP from year 1 to year 2 represents economic growth.

[1] All the statements are correct.
[2] a and b
[3] a and c
[4] b and c
[5] a

Answer 1

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