Of the Following, Which Is CORRECT

question 256

Multiple Choice

Of the following, which is CORRECT?

• A) Nominal GDP does not change when the production of goods and services increases.
• B) Nominal GDP is not affected by changes in prices of goods and services.
• C) Nominal GDP increases when the prices of goods and services increase.
• D) Real GDP changes only when the prices of goods and services really change.

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Definitions:

Cognitive Ability

The capacity to perform various mental activities associated with learning, problem-solving, decision making, and adaptation to new situations.

Empathy

The ability to understand and share the feelings of another, putting oneself in their shoes emotionally.

Social Skills

Behaviors and competencies that enable individuals to interact effectively with others, including communication, empathy, and conflict resolution skills.

Incipient Cooperation

Early stages of cooperative behavior or interaction among individuals or groups before fully developed cooperation is established.