Question 30(Multiple Choice ) 2 (02.06 MC) If the nominal GDP of County Y is lower in year 2 than in year 1, which of the following must be true? The real GDP of Country Y must be lower in year 2. The price level in Country Y must be lower in year 2 than in Year 1. There must have been inflation in Country Y from year 1 to year 2. The real GDP of Country Y or the price level of Country Y must be lower in year 2 than in year 1. The real GDP and the price level could both have increased from year 1 to year 2. Question 29(Multiple Choice ) (05.07 MC) Which of the following policy initiatives is most likely to increase economic growth? O Subsidized training in human capital Central bank selling government bonds O Subsidizing consumption O Deficit spending to supplement pension payments O Lowering the official retirement age from 65 to 60 years
