If the Nominal GDP Were to Increase, but the Real

question 140

Multiple Choice

If the nominal GDP were to increase, but the real GDP were to increase by less from one year to the next, we could conclude:

• A) prices went up, but output stayed the same.
• B) prices stayed the same, but output went up.
• C) both prices and output went up.
• D) both prices and output stayed the same.

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Definitions:

Single-Parent

Pertains to a family unit led and managed by one parent alone.

Biological Son

A male offspring who shares genetic material with his parents.

Natural Family

A concept often referring to a family structure centered around biological relations.

Natural Family

A term often used to refer to a family unit that includes biological parents and their children, as opposed to adoptive, step, or blended families.