Multiple Choice
What would explain a rise in nominal GDP but a drop in real GDP during the same period?
A) a rise in prices and a fall in production.
B) a fall in prices and a rise in production.
C) a rise in prices and a rise in production.
D) a fall in prices and a fall in production.
E) constant prices and a fall in production.
Correct Answer:
Verified
Correct Answer:
Verified
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