An Increase in the Value of Nominal GDP Over Time

question 81

Multiple Choice

An increase in the value of nominal GDP over time:

• A) is always due to an increase in prices.
• B) is always due to an increase in the production of goods and services.
• C) may be due to an increase in prices, in the production of goods and services, or both.
• D) may be due to a decrease in prices, in the production of goods and services, or both.

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Definitions:

Chest Pain

A symptom often associated with cardiac problems but can also be caused by other health issues such as gastrointestinal, muscular, or respiratory conditions.

Integrity

Integrity refers to the quality of being honest and having strong moral principles, or the state of being whole and undivided.

Positive Outlook

An attitude or mindset characterized by optimism and a tendency to expect favorable outcomes.

Attitude

A disposition to act in a certain way.