Suppose Nominal GDP in 2011 Increased by 5% (Over Its

question 28

Multiple Choice

Suppose nominal GDP in 2011 increased by 5% (over its previous level in 2010) . Given this information, we know with certainty that:

• A) real GDP increased during 2010.
• B) either the price level or real GDP increased during 2010.
• C) both the price level and real GDP increased during 2010.
• D) the price level increased during 2010.
• E) more information is needed to answer this question.

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Definitions:

Aromatic

Relating to or denoting organic compounds that have a planar ring structure with delocalized pi electrons, leading to enhanced stability.

Huckle's Rule

A rule stating that aromatic compounds must have a planar ring of \(\pi\) bonds with a total of (4n + 2) \(\pi\) electrons.

Nonaromatic

Referring to organic compounds that do not meet the criteria for aromaticity, typically lacking a fully conjugated, cyclic electron system.

Heat of Hydrogenation

The amount of heat released during the process of adding hydrogen (H2) to unsaturated organic compounds, typically alkenes or alkynes, to form saturated compounds.