If Real GDP in 2016 Using 2015 Prices Is Lower

question 26

Multiple Choice

If real GDP in 2016 using 2015 prices is lower than nominal GDP of 2016, then

• A) prices in 2016 are lower than prices in 2015.
• B) nominal GDP in 2016 equals nominal GDP in 2015.
• C) prices in 2016 are higher than prices in 2015.
• D) real GDP in 2016 is larger than real GDP in 2015.

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Definitions:

Indiscriminate

Lacking in selectivity, judgment, or discernment; not making or showing careful distinctions or choices.

Cooperative

The act or process of working together towards common goals or interests, often emphasizing mutual assistance and collaboration.

Parallel

An analogy or comparison between two things based on their being alike in some way; in mathematics and geometry, describing lines or planes that never meet, regardless of how far they are extended.

Prosocial

Pertaining to behaviors that are positive, helpful, and intended to promote social acceptance and friendship.