A Price Index Can Rise from One Year to the Next

question 74

Multiple Choice

A price index can rise from one year to the next even though:

• A)some individual prices in the economy fall.
• B)nominal GDP falls.
• C)real GDP falls.
• D)all of the above occur.

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Definitions:

Insulin Injections

The administration of insulin via a syringe, pen, or pump to manage blood sugar levels in individuals with diabetes.

Physical Therapy

A healthcare service aimed at improving mobility, function, and quality of life through prescribed exercise, hands-on care, and education.

Chronic Obstructive Pulmonary Disease

A group of progressive lung diseases that obstruct airflow, making it difficult to breathe; often includes emphysema and chronic bronchitis.

Adequacy

The quality of being sufficient or acceptable in terms of quantity, quality, or degree.