If Nominal GDP Increases from One Year to the Next

question 47

True/False

If nominal GDP increases from one year to the next, then we know that the economy's output has
grown.

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Definitions:

Investment Income

Income earned from the investment of capital in assets such as stocks, bonds, real estate, or other investment vehicles.

Dollar/Yen Market

The foreign exchange market involving the trading of US dollars and Japanese yen.

Appreciate

To increase in value or price, often in the context of financial investments or currency valuations.

Current Account Deficit

is a measurement of a country's trade where the value of the goods and services it imports exceeds the value of the products it exports.