What Occurred During 2012 If Nominal GDP Increased and Real

question 53

Multiple Choice

What occurred during 2012 if nominal GDP increased and real GDP decreased,relative to the year 2011?

• A)The economy experienced deflation during 2012.
• B)Production of intermediate goods and services in the economy increased during 2012.
• C)The economy experienced inflation during 2012.
• D)Total production of goods and services in the economy increased during 2012.

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Definitions:

Genitourinary System

The organ system of the reproductive organs and the urinary system, often considered together due to their proximity and common functions.

Phimosis

A condition in which the foreskin of the penis cannot be pulled back past the glans due to tightness, which may require treatment if it causes problems.

Minimal Change Nephrotic Syndrome

A disorder mainly affecting children, characterized by sudden onset of proteinuria and lack of visible kidney damage under a microscope.

Infection

The invasion and multiplication of microorganisms in body tissues, causing disease or symptoms.