If Both Nominal GDP and Real GDP Increase from One

question 109

Multiple Choice

If both nominal GDP and real GDP increase from one year to the next, but the increase in real GDP is smaller than that of nominal GDP, we can conclude that:

• A) prices went up, but output stayed the same.
• B) prices stayed the same, but output went up.
• C) both prices and output went up.
• D) both prices and output stayed the same.

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Definitions:

Self-schema

A cognitive representation of oneself that guides the processing of self-relevant information.

S Data

S Data, often referred to as Self-Report Data, involves information that individuals provide about themselves, typically through questionnaires or interviews.

B Data

Behavioral data collected through direct observation rather than self-report or testing, used in psychological assessments and research.

I Data

Information derived from personal observations of individuals' behaviors, typically used in psychological studies to gauge personality.