If Nominal GDP in 2015 Exceeds Real GDP in 2015,then

question 11

Multiple Choice

If nominal GDP in 2015 exceeds real GDP in 2015,then we know with certainty that

• A)the price level in 2015 is less than the price level in the base year.
• B)real GDP in 2015 is less than real GDP in the base year.
• C)real GDP in 2015 is equal to the real GDP in the base year.
• D)the price level in 2015 is greater than the price level in the base year.

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Definitions:

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A defense mechanism involving efforts to evade or circumvent a source of anxiety or a perceived threat.

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A person's personal assessment of their value, including their feelings and beliefs about themselves.

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A measure of how much value individuals place on themselves, reflecting their overall subjective emotional evaluation of their own worth.