Nominal GDP Has Generally Risen More Rapidly Than Real GDP

question 153

Multiple Choice

Nominal GDP has generally risen more rapidly than real GDP since World War II in the United States, suggesting that

• A)the general price level has declined.
• B)the general price level has increased.
• C)productivity has increased substantially.
• D)world trade has increased.

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Definitions:

American Boy

A term that can refer to a male child or young man from the United States.

Puberty

The developmental stage in humans during which physical growth and sexual maturation occurs, marking the transition from childhood to adulthood.

Age

The length of time that a person or entity has existed or the period during which a living being, typically a human, has been alive.

Reproduction

Reproduction is the biological process by which new individual organisms are produced from their parents, essential for the survival of species.