Which of the Following Always Uses Prices and Quantities from the Same

question 50

Multiple Choice

Which of the following always uses prices and quantities from the same period?

• A)both nominal and real GDP.
• B)nominal GDP but not real GDP.
• C)real GDP but not nominal GDP.
• D)neither nominal or real GDP.

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Definitions:

Trucking Services

Businesses that provide transportation of goods via motor vehicles such as trucks over short or long distances.

Pollutants

Substances that cause pollution, contaminating the air, water, and soil, and potentially causing harm to ecosystems and human health.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in a market.

Dry Cleaning

A method of cleaning clothes and textiles using a chemical solvent rather than water.