Suppose That GDP Increases in 2015,but Real GDP Decreases During

question 82

Multiple Choice

Suppose that GDP increases in 2015,but real GDP decreases during the year.It can be concluded that

• A)output declined or we had deflation in 2015.
• B)the price level fell in 2015.
• C)inflation was zero in 2015.
• D)output increased in 2015.

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Definitions:

Crinoids

Marine animals belonging to the class Crinoidea, characterized by a mouth on the top surface surrounded by feeding arms, part of the echinoderm phylum.

Trilobites

Extinct marine arthropods with a segmented body and calcified exoskeleton, prevalent from the Cambrian to the Permian period.

Cambrian Explosion

The widespread, relatively rapid appearance of diverse types of hard-shelled organisms near the beginning of the Cambrian Period.

Sedimentary Layer

A layer of sediment, typically deposited by water, wind, or ice, that has solidified into rock over geological time.