An increase in nominal income without increase in price will…

JAMB Economics 2023 164 views
Source: JAMB · 2023

An increase in nominal income without increase in price will result to

  1. increased real income ✓
  2. decreased real income
  3. increased GDP
  4. decreased GNP

Was this explanation helpful?

Something wrong or missing? Tell us — we read every report and fix issues fast.

pastQuestions.ng pastquestions.ng