Suppose That the Nominal Value of GDP Increased by Approximately

question 122

Multiple Choice

Suppose that the nominal value of GDP increased by approximately 2 percent during a given year, but real GDP decreased by 3 percent. Which of the following best explains these events?

• A) The money supply decreased by approximately 5 percent.
• B) Prices fell by approximately 5 percent.
• C) Prices increased by approximately 5 percent.
• D) The real productive capacity of the economy increased by approximately 5 percent.

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Definitions:

Gender Development

The process by which individuals come to understand and behave according to the gender norms and roles society dictates, influenced by biological, psychological, and social factors.

Gender Constancy

The understanding that one’s gender remains the same across time and in different situations.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Masculine Behaviors

Actions or traits traditionally associated with or expected of men in a given culture, often emphasizing attributes such as strength, dominance, and emotional restraint.