Real GDP Can Increase If the

Multiple Choice

Real GDP can increase if the
I.quantities of goods and services produced decrease and prices fall by a smaller percentage.
Ii.quantities of goods and services produced decrease and prices fall by a larger percentage.
Iii.quantities of goods and services produced decrease and prices do not change.
Iv.quantities of goods and services produced increase.

A) i only
B) iii only
C) iv only
D) i and iii
E) i,ii,and iii