If Real GDP Falls from One Period to Another, We

question 40

Multiple Choice

If real GDP falls from one period to another, we can conclude that

• A)deflation occurred.
• B)inflation occurred.
• C)nominal GDP fell.
• D)none of these necessarily occurred.

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Definitions:

Metaphors

Figures of speech in which a term or phrase is applied to something to which it is not literally applicable in order to suggest a resemblance.

Unique Benefit

A distinctive advantage or positive feature offered by a product, service, or situation that sets it apart from competitors.

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Capable of convincing someone to do or believe something through reasoning or the use of emotional appeals.

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