If Nominal GDP of a Country Increased and Real GDP

question 28

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 constant 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:

Panic Disorder

A psychiatric disorder characterized by unexpected and repeated episodes of intense fear accompanied by physical symptoms that may include chest pain, heart palpitations, shortness of breath, dizziness, or abdominal distress.

Increased Heart Rate

A condition where the number of heartbeats per minute rises above an individual's normal range.

Panic Disorder

Panic Disorder is an anxiety disorder characterized by recurrent unexpected panic attacks and persistent concern about having more attacks.

Hyperventilation

A condition of breathing more rapidly or deeply than normal, causing excessive expulsion of circulating carbon dioxide, which can lead to symptoms such as lightheadedness or tingling of the limbs.