If Nominal GDP Rises

question 96

Multiple Choice

If nominal GDP rises,

• A) real GDP may either rise or fall.
• B) we can be certain that the price level has risen.
• C) real GDP must fall.
• D) real GDP must also rise.

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Definitions:

Nonresponse Bias

A bias in survey or research results occurred when individuals selected for participation do not respond, potentially leading to an unrepresentative sample.

Voluntary Response Bias

A bias in survey results that occurs when participants self-select to respond, leading to non-representative samples.

Undercoverage

A bias in statistics that occurs when some members of the population are inadequately represented in the sample.

Space Order

Refers to the organization or arrangement of elements in a visual field or a design project, emphasizing how objects are placed in three-dimensional space.