If Real GDP Falls by 1 Percent,but the Nominal GDP

question 80

Multiple Choice

If real GDP falls by 1 percent,but the nominal GDP rises by 5 percent,then we must conclude that

• A)the price level rises by 5 percent.
• B)the price level falls by 1 percent.
• C)the price level rises by 6 percent.
• D)the price level falls by 4 percent.

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Definitions:

Liden Et Al.'s Research

Studies conducted by Robert C. Liden and his colleagues, often focusing on leadership, work teams, and organizational behavior.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, emphasizing vision, inspiration, and creating a positive impact on followers.

Altruistic Nature

An inherent tendency to be concerned for the welfare of others, often leading to selfless acts.

Predicting The Future

The act of forecasting upcoming events or trends based on current or historical data analysis.