If Nominal GDP Is Increasing,which of the Following Is True

question 27

Multiple Choice

If nominal GDP is increasing,which of the following is true?

• A) More final goods and services are being produced.
• B) Prices on average are rising at a slower rate than the decline in the quantity of final goods and services produced.
• C) Less is being produced, and prices on average are falling.
• D) Production of final goods and services is increasing at a faster rate than prices are falling.
• E) Prices and the amount of final goods and services produced on average are constant.