Changes in Nominal GDP

question 68

Multiple Choice

Changes in nominal GDP

• A) are due to changes in price only while changes in real GDP are attributed to movements in output and price.
• B) are due to changes in output and price while changes in real GDP are attributed to movements in output only.
• C) are due to changes in exchange rate while changes in real GDP are attributed to movements in price only.
• D) and changes in real GDP are due to changes in output and price.

---

Definitions:

Critical Incidents Style

A method in management and organizational behavior focusing on identifying and understanding specific incidents that significantly impact an outcome or phenomenon.

Task Analysis Style

The approach or method taken to break down a job into its components to study how tasks are accomplished, often used in designing or improving jobs.

Job Analysis

The methodical process of collecting and examining information about the content and human requirements of jobs, as well as the context in which jobs are performed.

Cash Register

A mechanical or electronic device used in retail environments to calculate and record sales transactions, and to store money.