Multiple Choice
An increase in the value of nominal GDP over time:
A) is always due to an increase in prices.
B) is always due to an increase in the production of goods and services.
C) may be due to an increase in prices, in the production of goods and services, or both.
D) may be due to a decrease in prices, in the production of goods and services, or both.
Correct Answer:
Verified
Correct Answer:
Verified
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