Multiple Choice
Gross domestic product (GDP) increases if prices decrease by ________ and quantities produced increase by ________.
A) 2 percent; 4 percent
B) 2 percent; 2 percent
C) 4 percent; 2 percent
D) 3 percent; 1 percent
E) 3 percent; 3 percent
Correct Answer:

Verified
Correct Answer:
Verified
Q100: You bought a popular video game last
Q101: Consider the following data, where gross domestic
Q102: The percent change in the overall level
Q103: Which of the following represents the largest
Q104: The business cycle measures<br>A) fluctuations in the
Q106: Explain why national output and national income
Q107: Consider the following figure to answer the
Q108: The consumption category of gross domestic product
Q109: When gross domestic product (GDP)increases,national income _
Q110: Nominal gross domestic product (GDP)is equal to<br>A)