An Increase in Real GDP from 2002 to 2006 Necessarily

question 7

Multiple Choice

An increase in real GDP from 2002 to 2006 necessarily indicates that

• A) people are better off in 2002 than they were in 2006.
• B) depreciation was lower in 2002 than it is in 2006.
• C) prices increased between 2002 and 2006.
• D) quantities of goods and services produced increased between 2002 and 2006.

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