If Nominal GDP of a Country Increased and Real GDP

question 59

Multiple Choice

If nominal GDP of a country increased and real GDP remained unchanged in a particular year, which of the following is most likely to have taken place?

• A)Output increased and the price level increased.
• B)Output increased and the price level decreased.
• C)Output remained contant and the price level increased.
• D)Output decreased and the price level decreased.
• E)Output increased and the price level remained constant.

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Definitions:

Storming Stage

The storming stage is a phase in team development marked by conflict and competition as members vie for positions and challenge group norms.

Team Cohesiveness

Extent to which team members feel attracted to the team and motivated to remain part of it.

Work From Home

A flexible working arrangement that allows employees to perform their job tasks from a remote location, often their home.

Performing Stage

The phase in team development where group members efficiently work together and focus on problem-solving and task completion.