If Nominal National Income Increased by 10% Over a Certain

question 69

Multiple Choice

If nominal national income increased by 10% over a certain period of time while real national income increased by 20%,then

• A)everybody in the economy became worse off.
• B)inflation has occurred during this time period.
• C)the labour force increased by 10%.
• D)the price level has declined by about 10%.
• E)the price level has increased by approximately 10%.

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Definitions:

Power

The ability or capacity of an individual or group to influence or control the actions, behaviors, or opinions of others.

Predictive Value

The utility or effectiveness of a test or model in accurately forecasting outcomes or diagnosing conditions.

Violent Crime Rate

A measure of the incidence of violent crimes in a specified area, usually expressed per 100,000 people, helps in understanding public safety and law enforcement effectiveness.

Police Stress

Refers to the psychological and emotional pressures experienced by law enforcement officers due to the unique challenges and dangers inherent in policing, impacting their health and performance.