GDP Can Rise as a Result of a Rise in __________________,And

question 133

Multiple Choice

GDP can rise as a result of a rise in __________________,and Real GDP can rise as a result of a rise in _______________________.

• A) prices or output; prices only.
• B) prices only; prices or output.
• C) prices or output; output only.
• D) prices or output; prices or output.

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Definitions:

Less-Developed Country

A country characterized by low levels of industrialization, socioeconomic development, and often a low standard of living among its population.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

Healthcare Facilities

Institutions providing patient treatment with specialized medical and nursing staff and medical equipment.

Central America-Dominican Republic Free Trade Agreement (CAFTA-DR)

A free trade agreement aimed at creating economic growth and facilitating trade between the United States, Central America, and the Dominican Republic.