Choose the Correct Statement

question 107

Multiple Choice

Choose the correct statement.

• A)Nominal GDP is just a more precise name for GDP.
• B)Nominal GDP is just a more precise name for real GDP.
• C)When nominal GDP increases, real GDP decreases.
• D)Nominal GDP and real GDP both increase when the average level of prices increases.
• E)We measure the change in production by comparing nominal GDP in one year with real GDP in the previous year.

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Definitions:

Dysfunctional Norms

Group norms that hinder or have a negative impact on the individual or group performance, cohesiveness, or effectiveness.

Sequential Interdependence

A work process in which the output of one task becomes the input for the next, necessitating a particular order of operations.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Pooled Interdependence

a form of interdependence where different departments or groups within an organization contribute individually to a common outcome without direct reliance on each other.