Description of this paper

If nominal GDP increased

Description

solution


Question

3a)If nominal GDP increased from $4 billion to $4.2 billion while real GDP increased from $3.8 billion to $3.9 billion, it follows that real GDP growth was ____% (show your work and formula);b)If the reserve ratio is 0.25, calculate the simple money multiplier. (Show work & formula)

 

Paper#28476 | Written in 18-Jul-2015

Price : $22
SiteLock