Multiple Choice
Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the next five questions: Assume that the base year is 2012.
-Real GDP increases if:
A) current prices increase.
B) current quantities increase.
C) current prices are constant.
D) nominal GDP increases.
E) nominal GDP decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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