What Would Be the Cause of a 2% Increase in Nominal

question 132

Multiple Choice

What would be the cause of a 2% increase in nominal GDP?

• A) a 1% increase in prices of and a 3% decrease in output
• B) a 1% decrease in prices and a 1% increase in output
• C) a 1% increase in prices and a 1% increase in output
• D) a 3% increase in prices and a 1% increase in output

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