If Nominal GDP Increases by 2 Percent and the Price

question 101

Multiple Choice

If nominal GDP increases by 2 percent and the price level drops by 1 percent, real GDP:

• A)increases by 1 percent.
• B)decreases by 1 percent.
• C)increases by 3 percent.
• D)decreases by 3 percent.

---

Definitions:

Career Success

The accomplishment of personal and professional goals over one's work life, often measured by advancements, recognition, and satisfaction.

Group Cohesiveness

The extent to which members of a group feel bonded or united towards achieving a common goal.

Societal System

A complex network of institutions, structures, and relationships that make up a society.

Influence Process

The methods or strategies used by individuals or groups to affect the behaviors or attitudes of others.