Nominal GDP Will Increase

question 90

Multiple Choice

Nominal GDP will increase

• A)only if the average level of prices rises.
• B)only if the quantity of goods and services produced increases.
• C)only if the unemployment rate rises.
• D)only if both the average level of prices rises and the quantity of goods and services produced increases.
• E)if either the average level of prices rises or the quantity of goods and services produced increases.

---

Definitions:

Potential Energy

is the energy stored within an object or system due to its position, condition, or configuration, capable of being converted into kinetic energy.

Enthalpy

The total potential energy of a system; sometimes referred to as the “heat content of the system.”

Usable Energy

The portion of energy in a system or process that can be effectively utilized to perform work.

Organized

Being arranged in an orderly, structured, and coherent manner, often referring to systems, entities, or activities.