Multiple Choice
Nominal GDP will definitely increase when
A) prices increase and output increases.
B) prices increase and output decreases.
C) prices decrease and output increases.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: If total spending rises from one year
Q14: Which of the following statements about nominal
Q15: If the prices of all goods and
Q16: If nominal GDP is $10 trillion and
Q19: If in some year nominal GDP was
Q21: If nominal GDP is $8 trillion and
Q23: Suppose an economy produces only cheese and
Q60: The term economists use to describe a
Q94: The GDP deflator is the ratio of<br>A)real
Q109: Changes in the GDP deflator reflect<br>A)only changes