What Would Be the Cause of a 2% Increase in Nominal

question 132

Multiple Choice

What would be the cause of a 2% increase in nominal GDP?

• A) a 1% increase in prices of and a 3% decrease in output
• B) a 1% decrease in prices and a 1% increase in output
• C) a 1% increase in prices and a 1% increase in output
• D) a 3% increase in prices and a 1% increase in output

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Definitions:

Legitimate Work

A type of employment recognized as lawful and in compliance with established norms and standards.

Organizational Cultures

The shared values, beliefs, and norms that influence the way employees interact, make decisions, and view their roles within an organization.

Oppressive Effects

Negative impacts or consequences that restrict freedom or well-being, often arising from unequal power dynamics or unjust systems.

Bureaucracy

An administrative system, especially in a government, characterized by hierarchy, fixed rules, and a detailed division of labor.