Nominal GDP Increases

question 15

Multiple Choice

Nominal GDP increases

• A) only if the productivity of resources increases.
• B) only if prices increase.
• C) if either prices and/or total production increase.
• D) only if total production increases.
• E) only if depreciation decreases.

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Definitions:

Statistically Significant

Statistically significant results are those that are unlikely to have occurred by chance alone, indicating a high probability that observed differences or relationships are real.

Replication

The process of conducting a study again following the same methodology in order to verify the results obtained from the initial experiment.

Introversion

A characteristic that involves concentrating more on one's inner emotions than on external factors for excitement.

Work-Related Satisfaction

The pleasurable emotional state resulting from the appraisal of one’s job experiences.