Multiple Choice
Nominal GDP can change
A) only if prices change.
B) only if the quantities of goods and services change.
C) only if prices increase.
D) if either prices or the quantities of goods and services change.
E) only if prices and the quantities of the goods and services change.
Correct Answer:
Verified
Correct Answer:
Verified
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Q184: The relationship between real GDP and potential
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Q188: The expenditure approach to measuring GDP is
Q190: Leisure time is ignored when calculating GDP
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