Real GDP Will Increase

question 119

Multiple Choice

Real GDP will increase

• A)only if the price level rises.
• B)only if the price level falls.
• C)only if the quantity of final goods and services produced rises.
• D)when nominal GDP falls.
• E)if either the price level rises or the quantity of final goods and services produced rises.

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Definitions:

Supply Chain

The sequence of processes involved in the production and distribution of a commodity.

Production Processes

The methods and sequences of operations used to design, manufacture, and deliver products or services.

SCM Components

Elements that make up Supply Chain Management, including planning, sourcing, production, delivery, and logistics.

Amazon

An international technology firm dedicated to providing services in online retail, cloud-based computing, streaming of digital content, and artificial intelligence.