If the Base Year Was Last Year, Which of the Following

question 14

Multiple Choice

If the base year was last year, which of the following statements has to be FALSE for next year?

• A)real GDP will be greater than nominal GDP if prices are falling
• B)real GDP will be greater than nominal GDP if prices are rising
• C)real GDP cannot increase if prices are falling
• D)real GDP cannot decrease if prices are rising
• E)nominal GDP cannot decrease if prices are rising

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Definitions:

Organismic Valuing Process

A concept in psychology proposing that individuals naturally gravitate towards experiences that enhance their growth and fulfillment.

Impulse Control

The ability to delay gratification and resist unwanted behaviors or urges.

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A term in humanistic psychology referring to an individual living in alignment with their true self and realizing their potential.

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