If Real GDP in 2018 (Using 2009 Prices)is Lower Than

question 179

Multiple Choice

If real GDP in 2018 (using 2009 prices) is lower than nominal GDP of 2017,then

• A)prices in 2018 are lower than prices in 2017.
• B)nominal GDP in 2018 equals nominal GDP in 2017.
• C)prices in 2018 are higher than prices in 2017.
• D)real GDP in 2018 is larger than real GDP in 2017.

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Definitions:

Main Effect

The direct influence of an independent variable on a dependent variable in an experiment, disregarding the effects of other variables.

Independent Variable

A variable that is manipulated by the researcher to observe its effect on the dependent variable in an experiment.

Factorial Designs

Experimental designs used to explore the effects of two or more variables at the same time, allowing for the analysis of interactions among variables.

Confounding Variables

Factors other than the independent variable that may cause a result, making it difficult to establish a clear causal relationship.