If Nominal GDP Rises from One Year to the Next

question 131

Multiple Choice

If nominal GDP rises from one year to the next, then

• A) the economy must be producing a larger output of goods and services.
• B) prices at which goods and services are sold must be higher.
• C) either output, or the general level of prices, or both must be rising.
• D) employment and productivity must be rising.

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Definitions:

Project Manager

A professional responsible for planning, executing, and closing projects, ensuring goals are met within constraints like budget and time.

Change Management Process

A systematic approach to dealing with the transition or transformation of an organization's goals, processes or technologies.

Project Planning

The phase in project management that involves outlining the objectives, scope, resources, timeline, and tasks required to achieve project goals.

Execution Processes

The stage in project management where the project plan is put into action to create the project deliverables.