Multiple Choice
Which of the following could cause nominal GDP to increase and real GDP to decrease?
A) The price level falls and the quantity of final goods and services produced falls.
B) The price level falls and the quantity of final goods and services produced rises.
C) The price level rises and the quantity of final goods and services produced falls.
D) The price level rises and the quantity of final goods and services produced rises.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Many provincial and local governments find themselves
Q16: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q17: Which of the following goods is directly
Q18: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q19: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q21: Nominal GDP is the value of goods
Q22: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q23: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q24: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace
Q25: <span class="ql-formula" data-value="\quad "><span class="katex"><span class="katex-mathml"><math xmlns="http://www.w3.org/1998/Math/MathML"><semantics><mrow><mspace