Which of the Following Statement Is Correct

question 246

Multiple Choice

Which of the following statement is correct?

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

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Definitions:

Tangible Products

Physical items that can be seen, touched, and used, as opposed to services or digital products.

Intangible Products

Non-physical goods or services such as intellectual property, consulting, and insurance, that cannot be seen, touched, or physically measured.

Merchandise Trade Balance

The difference in value between a country's imports and exports of goods, excluding services.

Intangibles

Assets that have no physical form but possess value, such as intellectual property or brand reputation.