Of the Following, Which Is Correct

question 103

Multiple Choice

Of the following, which is correct?

• A)Nominal GDP is not affected by changes in prices of goods and services.
• B)Nominal GDP does not change when the production of goods and services increases.
• C)Nominal GDP increases when the prices of goods and services increase.
• D)Real GDP changes only when the prices of goods and services really change.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye, responsible for color vision and functioning best in bright light.

Dim Light

A low level of illumination, often creating a subdued or intimate atmosphere.

Fine Detail

The minuscule and precise elements or features of an object or situation.

Green Afterimage

A visual phenomenon where exposure to a green stimulus leads to the perception of a red afterimage when the stimulus is removed, due to the adaptation of photoreceptors.