Multiple Choice
Of the following, which is CORRECT?
A) Nominal GDP does not change when the production of goods and services increases.
B) Nominal GDP is not affected by changes in prices of goods and services.
C) Nominal GDP increases when the prices of goods and services increase.
D) Real GDP changes only when the prices of goods and services really change.
Correct Answer:

Verified
Correct Answer:
Verified
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