If Real GDP Rises and the GDP Price Index Has

question 30

Multiple Choice

If real GDP rises and the GDP price index has increased,

• A) the percentage increase in nominal GDP must have been less than the percentage increase in the price level.
• B) nominal GDP may have either increased or decreased.
• C) nominal GDP must have increased.
• D) nominal GDP must have fallen.

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Definitions:

Genetic

Genetic pertains to genes and heredity, involving the study of how traits are transmitted from parents to offspring through DNA.

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, which can be inherited or result from a genetic mutation.

Carrier

Person in apparent health whose chromosomes contain a pathologic mutant gene, which may be transmitted to his or her children.

Offspring

Descendants of a person, animal, or plant; the children or progeny.