Historically, Nominal GDP Has Increased Faster Than Real GDP Because

question 14

Multiple Choice

Historically, nominal GDP has increased faster than real GDP because

• A)imports have risen more rapidly than exports.
• B)improvements in product quality have not been reflected in prices.
• C)the general price level has increased.
• D)exports have risen more rapidly than imports.
• E)the general price level has fallen.

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Definitions:

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Sigmund Freud

This Austrian neuroscience expert laid the groundwork for psychoanalysis, a therapeutic method that involves dialogic treatment between a patient and a psychoanalyst to cure mental pathologies.

Psychology

The systematic exploration of behavior and mental processes, covering different elements of both conscious and unconscious experiences along with cognition.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.