Business, 10.03.2020 18:36 pooooooooyp4286

Suppose the total market value of all the final goods and services produced in the country of Rushya was $8 billion in 2008 (measured in 2008 prices) and $9 billion in 2009 (measured in 2009 prices). Which of the following statements is definitely correct?

1. Production increased in Rushya between 2008 and 2009.
2. Real GDP increased in Rushya between 2008 and 2009.
3. Average price levels increased in Rushya between 2008 and 2009.
4. Whether real GDP increased cannot be determined with the information given.

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Suppose the total market value of all the final goods and services produced in the country of Rushya...

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