If Nominal GDP Increases from One Year to the Next

question 3

Multiple Choice

If nominal GDP increases from one year to the next, then

• A)prices and production must both have decreased.
• B)production could have increased, decreased, or stayed the same.
• C)production must have increased.
• D)prices and production must both have increased.
• E)prices must have increased.

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Definitions:

Folic Acid

A B-vitamin essential for the proper development of the human body, particularly critical in preventing neural tube defects in developing fetuses.

Folic Acid

A B-vitamin essential for cell growth and metabolism, important for the production of DNA and RNA, and crucial for preventing birth defects during pregnancy.

Calcium

A chemical element and essential nutrient that is crucial for many bodily functions, including bone health and nerve transmission.

Iron

A chemical element with symbol Fe and atomic number 26, essential for human health as it plays a critical role in oxygen transport and metabolic processes.