Between Two Years, GDP at Constant Prices Increased by 5

question 295

Multiple Choice

Between two years, GDP at constant prices increased by 5 percent while GDP at current prices increased by 8 percent. Based on this information, the price level

• A) increased by 3 percent.
• B) increased by 13 percent.
• C) decreased by 3 percent.
• D) decreased by 13 percent.

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Definitions:

Psychologically Healthy

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make contributions to their community.

Core Features

Essential attributes or characteristics that define the identity or nature of a concept, object, or phenomenon.

Human Agency

The capacity for human beings to make choices and to impose those choices on the world, influencing outcomes in their lives.

Self-regard

An individual's perception, evaluation, and appreciation of oneself.