If Prices Have Decreased Since the Base Period, Then

question 53

Multiple Choice

If prices have decreased since the base period, then

• A) there is no way to adjust nominal GDP so that it equals real GDP.
• B) real GDP is smaller than nominal GDP.
• C) real GDP is larger than nominal GDP.
• D) real GDP is equal to nominal GDP.
• E) real GDP can no longer be compared to nominal GDP.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision independently, often regarded as a crucial aspect of personal development and ethics.

Psychosocial Development

A domain of developmental psychology that emphasizes the importance of interpersonal and societal influences on individual growth and personality development.

Self-care

The practice of taking action to preserve or improve one's own health and well-being, particularly during periods of stress.

Parentification

When a child acts more like a parent than a child. Parentification may occur if the actual parents do not act as caregivers, making a child feel responsible for the family.