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