Which of the Following Statements Is Correct

question 56

Multiple Choice

Which of the following statements is correct?

• A)If nominal GDP decreases,then real GDP must increase.
• B)If nominal GDP increases,then real GDP must increase.
• C)Nominal and real GDP can change either in the same direction or the opposite direction.
• D)If nominal GDP does not change,then real GDP cannot change.
• E)If real GDP decreases,then nominal GDP must decrease.

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Definitions:

Principal Revokes

The act of a principal canceling or withdrawing the authority previously granted to an agent, effectively terminating the agent's ability to act on behalf of the principal.

Obligation Tenders

Offers made to fulfill a duty or promise, particularly in a legal or financial context, such as repaying a debt.

Agency Termination

The process by which the relationship between an agent and their principal is ended.

Violation

The act of breaking or failing to comply with a rule, agreement, or law.