Real GDP Changes When

question 8

Multiple Choice

Real GDP changes when

• A)all prices change by the same proportion, but all outputs remain constant.
• B)some but not all prices change, but outputs remain constant.
• C)some outputs change, but prices remain constant.
• D)Both B and C.

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Definitions:

Total Number Of Hours

The aggregate amount of time, typically measured in hours, worked or needed for a specific purpose or project.