If Nominal GDP Increased 2 Percent During a Year, While

question 214

Multiple Choice

If nominal GDP increased 2 percent during a year, while real GDP increased 4 percent, the

• A) price level must have increased approximately 2 percent compared to the prior year.
• B) price level must have decreased approximately 2 percent compared to the prior year.
• C) price level must have decreased approximately 50 percent compared to the prior year.
• D) unemployment rate must have increased during the year.

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Definitions:

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Infant

A very young child, especially one newly or recently born, typically referring to a child in the first year of life.

Toddler

A young child, typically aged between one and three years old, who is in the early stages of walking and developing speech.

Insecurely Attached Infants

Infants who exhibit anxiety or avoidant behavior when separated from their caregivers, indicating a lack of secure attachment.