If Nominal GDP in 2012 Exceeds Nominal GDP in 2011,which

question 122

Multiple Choice

If nominal GDP in 2012 exceeds nominal GDP in 2011,which of the following combinations of changes in the price level and production could not account for the difference?

• A)Higher price level,greater production
• B)Higher price level,less production
• C)Higher price level,same production
• D)Same price level,greater production
• E)Lower price level,less production

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Definitions:

Current Ratio

A ratio indicating the capability of a company to cover its obligations that are due in less than one year, calculated through the division of its current assets by its current liabilities.

Short-Term Creditors

Short-term creditors are lenders or suppliers to whom a company owes money that is due to be paid back within a short period, typically within one year.