Which of the Following Could Cause Nominal GDP to Increase,but

question 159

Multiple Choice

Which of the following could cause nominal GDP to increase,but real GDP to decrease?

• A)The price level rises and the quantity of final goods and services produced rises.
• B)The price level rises and the quantity of final goods and services produced falls.
• C)The price level falls and the quantity of final goods and services produced rises.
• D)The price level falls and the quantity of final goods and services produced falls.

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Definitions:

Value-Free Sociology

An ideal whereby researchers identify facts without allowing their own personal beliefs or biases to interfere.

Objectivity

Impartiality; the ability to allow the facts to speak for themselves.

Personal Beliefs

Individual convictions or acceptances of truth, which influence behaviors, attitudes, and values.

Worker Productivity

A measure of labor efficiency, calculating the output per worker over a specific period of time.