Suppose That Nominal GDP in 2017 Was Less Than Real

question 33

Multiple Choice

Suppose that nominal GDP in 2017 was less than real GDP in 2017.Given this information, we know for certain that

• A)the price level in 2017 was greater than the price level in the base year.
• B)the price level in 2017 was less than the price level in the base year.
• C)real GDP in 2017 was less than real GDP in the base year.
• D)real GDP in 2017 was greater than real GDP in the base year.
• E)this is impossible, nominal GDP must always be greater than real GDP.

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Definitions:

Adhering Junctions

Cell-to-cell junctions that mechanically attach the cytoskeleton of a cell to that of another, playing a key role in maintaining tissue integrity.

Desmosomes

Cell structures specialized for cell-to-cell adhesion, found particularly in epithelial and cardiac tissues, helping to resist shearing forces.

Tight Junction

Tight junctions are specialized connections between adjacent cells in animal tissue that create a barrier to prevent the leakage of substances through the space between cells.

Desmosome

A specialized cell structure that functions in cell-to-cell adhesion in animal tissues, providing mechanical strength.