Of the Following, Which Is Correct

question 3

Multiple Choice

Of the following, which is correct?

• A) Nominal GDP increases when the prices of goods and services increase.
• B) Nominal GDP does not change when the production of goods and services increases.
• C) Nominal GDP is not affected by changes in prices of goods and services.
• D) Real GDP changes only when the prices of goods and services really change.

---

Definitions:

French Culture

The arts, customs, languages, and social behaviors of the French people that have developed over centuries.

Glorious Revolution

The bloodless coup in England in 1688 that resulted in the overthrow of King James II and the ascension of William III and Mary II to the throne, significantly expanding the powers of Parliament.

England's Political System

A constitutional monarchy and parliamentary democracy, where the monarch is the head of state and the Prime Minister is the head of government.

Dutch School

Refers to a group or style of artists and their works originating in the Netherlands during the 16th and 17th centuries, known for detailed realism.