Suppose Nominal GDP Increased by 4 Percent and Increases in Real

question 77

Multiple Choice

Suppose nominal GDP increased by 4 percent and increases in real GDP remained constant.How much did prices increase?  

• A) 0 percent 
• B) 4 percent 
• C) 8 percent 
• D) 12 percent

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Definitions:

Middle Adulthood

A stage of life typically characterized as occuring between the ages of 40 and 65, marked by personal, professional, and familial achievements and challenges.

Chronic Illnesses

Long-term health conditions that are persistent or otherwise have lasting effects on an individual's well-being, such as diabetes or heart disease.

Death Rate

The ratio of deaths in an area to the population of that area; expressed per 1000 per year.

Osteoporosis

A condition in which the bones become brittle, fragile, and thin, often brought about by a lack of calcium in the diet.