Is It Possible for a Country's Nominal GDP to Increase

question 73

Multiple Choice

Is it possible for a country's nominal GDP to increase and real GDP to decrease from one year to the next?

• A) Yes; this would indicate a larger rise in prices relative to a decrease in output
• B) No; because prices are held constant, this would be mathematically impossible
• C) Yes; this would indicate a larger rise in output relative to a decrease in prices
• D) No; because output is held constant, this would be mathematically impossible

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Definitions:

Demands and Constraints

External and internal pressures that limit the choices and actions of an individual or organization.

Leadership Situations

Contextual or environmental factors that impact the effectiveness of leadership styles or approaches.

Mediators

Individuals or entities that facilitate negotiation and conflict resolution between disputing parties to reach an agreement.

Leader Behavior

The actions and attitudes exhibited by a leader, influencing the team's or organization's direction and morale.