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.

---

Definitions:

Web Browser

A Web Browser is a software application used to access information on the World Wide Web, presenting websites and navigating web content.

Object

An instance of a class containing both data (attributes) and functions (methods) that operate on the data.

Algorithm

A finite sequence of well-defined instructions typically used for solving a problem or performing a computation.

Analyzing The Problem

The process of understanding a problem completely and finding possible ways to solve it by breaking it down into smaller parts.