According to the BEA, in the Second Quarter of 2012

question 375

Multiple Choice

According to the BEA, in the second quarter of 2012 nominal GDP rose by 3.3 percent and real GDP rose by 1.7 percent. The difference between the change in nominal GDP and the change in real GDP could be explained by

• A) an increase in prices of final goods and services produced.
• B) a decrease in prices of final goods and services produced.
• C) an increase in quantity of final goods and services produced.
• D) a decrease in quantity of final goods and services produced.

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Definitions:

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Widely held but fixed and oversimplified images or ideas of a particular type of person or thing, which can influence social interactions and perceptions.

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The degree to which a person's physical features are considered aesthetically pleasing or beautiful.

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The capacity or ability of an organism to produce offspring in its lifetime.