If the Price Level Is Increasing at 4% and Output

question 3

Multiple Choice

If the price level is increasing at 4% and output is increasing at 5%,then

• A)Real GDP is increasing faster than nominal GDP.
• B)Nominal GDP is increasing faster than real GDP.
• C)Nominal GDP is increasing at 20%.
• D)None of the choices are correct.

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Definitions:

Immune System

The body's defense mechanism against pathogens, comprising various cells, tissues, and organs that work together to protect the body from diseases.

Stress

The physical or emotional response to external pressures or challenges, which can affect individuals differently.

Longevity

The length of time that an individual lives or a thing lasts.

Coping With Stress

Employing strategies to manage or alleviate stress, which may include relaxation techniques, physical activity, and seeking social support.