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Suppose that in 2016 Canadas automobile manufacturers produced 2 million cars priced at $20 000 each. And in 2017 they produ
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Answer #1

C. no change in nominal national income

Nominal income in 2016 = 2000000 * 20000 = 40000000000

Nominal income in 2017 = 1000000*40000 = 40000000000

Nominal income in 2016 is same as the nominal income in 2017. So, there are no change in the nominal income.

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