Suppose in Current Dollar Terms, GDP Increased by Approximately 7

question 95

Multiple Choice

Suppose in current dollar terms, GDP increased by approximately 7 percent between one period and the next, but real GDP fell by 2 percent. Which one of the following explanations is most likely?

• A)Prices fell by 9 percent.
• B)Prices fell by 2 percent.
• C)Output rose by 2 percent.
• D)Prices increased by 7 percent.
• E)Prices increased by 9 percent.

Recognize the difference between analytical and critical thinking skills.

Comprehend the concept of cognitive development stages and their impact on thinking.

Identify barriers to critical thinking, including denial and resistance.

Discern the role of clichés in critical analysis.

---

Definitions:

Query Design

A graphical interface in database software that allows users to construct and modify database queries using visual representations of tables and the relationships between them.

Add To Row

The action of inserting additional data or items into a specific row within a table or database.

Delete Query

A command in database systems that removes records from a table based on specified criteria.

Run Button

A button within software applications that, when clicked, executes or starts a particular process or action.