If the Quantity of Goods and Services Produced in the Economy

question 213

Multiple Choice

If the quantity of goods and services produced in the economy decreases,

• A)it may be possible for real GDP to increase.
• B)real GDP would certainly increase.
• C)it may be possible for nominal GDP to increase.
• D)nominal GDP would certainly increase.
• E)nominal GDP would certainly decrease.

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Definitions:

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