If Real GDP Is Larger Than Nominal GDP

question 111

Multiple Choice

If real GDP is larger than nominal GDP

• A) prices must be lower than in the base year.
• B)prices must be higher than in the base year.
• C)the economy must be growing.
• D)the economy must be shrinking.
• E)prices and output must be constant.

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Definitions:

Trait Approach

A perspective in personality psychology that focuses on the identification and measurement of specific personality traits in order to predict behavior and outcomes.

Conscientiousness

A personality trait characterized by organization, dependability, efficiency, and a strong sense of duty.

Job Performance

The extent to which an employee fulfills their job duties and achieves the expected levels of productivity, quality, and effectiveness.

Big Five

refers to a theory of personality that identifies five main dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.