Which Statement Is TRUE

question 267

Multiple Choice

Which statement is TRUE?

• A) Nominal GDP is always larger than real GDP.
• B) Nominal GDP can only rise from one year to the next because of price increases.
• C) Nominal GDP can only rise from one year to the next because of production increases.
• D) Nominal GDP can rise from one year to the next because of price increases or because of production increases, or both.

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Definitions:

Information Flows

The movement or exchange of data and information within an organization or between organizations.

Distribution Center

A facility from which goods are distributed to stores or customers, serving as a critical node in the supply chain to manage inventory and shipment.

Manufacturer

A company or individual that produces finished goods from raw materials on a large scale, utilizing machinery, labor, and other resources.

Marketing Channel

An assembly of institutions, persons, actions, knowledge, and materials tasked with transferring an item or service from the creator to the consumer.