If Nominal GDP Increased by 11 Percent During a Year

question 29

Multiple Choice

If nominal GDP increased by 11 percent during a year while real GDP increased by only 5 percent, then the

• A)price level decreased by 6 percent.
• B)price level increased by 16 percent.
• C)price level remained steady but real output fell by 6 percent.
• D)unemployment rate fell during the year.
• E)price level increased by 6 percent.

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Definitions:

Family Customs

The traditions, beliefs, and practices passed down within a family from generation to generation, influencing behaviors and values.

Peripheral Neuropathy

A condition resulting from damage to the peripheral nerves, causing weakness, numbness, and pain, typically in the hands and feet.

Circulatory Insufficiency

A condition where the circulatory system fails to supply adequate blood flow to the body’s tissues, often leading to symptoms like fatigue and shortness of breath.

Plantar Warts

A common type of wart that appears on the sole or toes of the foot, caused by the human papillomavirus (HPV).