Suppose a small economy produces only smart TVs. In year one, 100,000 TVs are produced and sold at a price of $1,200 each. In year two, 125,000 TVs are produced and sold at a price of $1,000 each. As a result, A. real GDP increased B. real GDP stayed the same C. real GDP decreased D. nominal GDP decreased

suppose a small economy produces only smart TVs. in year one, 10,000 TVs are produced and sold at a price of $1,000 each. in year two, 10,000 TVs are produced and sold at a price of $1,500 each. As a result, ____ real GDP increased. ____ real GDP decreased. ____ real GDP stayed the same. ____ nominal GDP stayed the same.

Consider an economy that produces only computers. The quantity of computers and the price of computers in four successive years are given in the table. A. Calculate the Nominal GDP and Real GDP. What trends do you observe? Show all your calculations. B. Calculate the growth rate of nominal GDP for 2015, 2016, and 2017. Round your answers to one decimal place. What trends do you observe? C. Calculate the growth rate of real GDP for 2015, 2016, and 2017. Round your answers to one decimal place. What trends do you observe? Thank you soso much!! :)

How does this impact GDP?

1. Which of the following are included in this year’s GDP? Explain your answer in each. A 2-hour decrease in the length of the workweek. The purchase of an AT&T corporate bond. A $2 billion increase in business inventories.

The question is in the image.