If Nominal GDP Increases by 4 Percent, Then

question 137

Multiple Choice

If nominal GDP increases by 4 percent, then

• A) real output has increased by 4 percent
• B) the price level has increased by 4 percent
• C) consumer spending must have increased by 4 percent
• D) it is possible that all of the increase was caused by an increase in the price level
• E) net exports increased by 4 percent

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Definitions:

Male

Refers to the sex that is typically associated with the production of small gametes or sperm in the context of sexual reproduction.

Female

Pertaining to the sex that is typically characterized by the production of ova (eggs) and, in many species, by having two X chromosomes.

Pyrimidines

One of the two types of nitrogenous bases found in nucleic acids, including cytosine, thymine (in DNA), and uracil (in RNA).

Mental Impairment

A reduction in cognitive, emotional, or behavioral functioning, which may affect daily living and can be temporary or permanent.