If Real GDP Increased by 2% and Nominal GDP Increased

question 82

Multiple Choice

If real GDP increased by 2% and nominal GDP increased by 4%, then output:

• A)​increased and the price level increased.
• B)​increased and the price level decreased.
• C)​decreased and the price level increased.
• D)​decreased and the price level decreased.

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Definitions:

Intentional Misrepresentation

The act of knowingly presenting false information with the intention of deceiving another party.

Solicitor/Client

Pertains to the professional and confidential relationship between a legal advisor (solicitor) and their client.

Undue Influence

Manipulation or pressure exerted by one person over another, undermining the latter's free will or judgment, particularly in legal or contractual contexts.

Duress

Force or pressure to enter into a contract.