An Increase in Real GDP from 2002 to 2006 Necessarily

question 7

Multiple Choice

An increase in real GDP from 2002 to 2006 necessarily indicates that

• A) people are better off in 2002 than they were in 2006.
• B) depreciation was lower in 2002 than it is in 2006.
• C) prices increased between 2002 and 2006.
• D) quantities of goods and services produced increased between 2002 and 2006.

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Definitions:

Meager Rations

Very small or insufficient amounts of food provided, especially under conditions of scarcity or during periods of rationing.

Revolutionary War

The conflict between Great Britain and its Thirteen Colonies in North America from 1775 to 1783, resulting in American independence.

Battle Of Saratoga

A significant series of military engagements in 1777 during the American Revolutionary War, which marked a turning point by ending British efforts to divide New England from the rest of the colonies.

War Strategy

A plan of action or policy designed to achieve a major or overall aim in warfare.