If Nominal Gross Domestic Product (GDP)is Declining but Production Is

question 24

Multiple Choice

If nominal gross domestic product (GDP) is declining but production is rising,then it must be the case that

• A) fewer goods and services are being produced.
• B) prices must be lower on average.
• C) prices must be increasing more rapidly than production.
• D) prices are falling at a greater rate than production is rising.
• E) production is rising at a greater rate than prices are falling.

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