An Increase in Nominal GDP Could Result from an Increase

question 88

Multiple Choice

An increase in nominal GDP could result from an increase in
i. production.
ii. prices.
iii. subsidies.

• A)i and ii
• B)ii only
• C)i and iii
• D)i only
• E)i, ii, and iii

---

Definitions:

Contributing Assets

Assets given by owners or shareholders as part of their investment in the company.

Capital Balances

The amount of money invested in a company by its owners or shareholders.

Net Income

Net earnings reflecting the amount of revenue left over after all operating expenses, taxes, and interest have been paid.

Partnership Agreement

A legal document that outlines the rights and responsibilities of each partner within a business partnership.