If GDP Is Increasing at 4 Percent Per Year,and the GDP

question 280

Multiple Choice

If GDP is increasing at 4 percent per year,and the GDP deflator is rising at 2 percent per year,the real GDP is

• A)increasing at 2 percent per year.
• B)increasing at 6 percent per year.
• C)increasing at 4 percent per year.
• D)decreasing at 2 percent per year.
• E)decreasing at 6 percent per year.

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Definitions:

Method of Concomitant Variations

A scientific method where one observes the changes in one variable alongside the changes in another, determining correlation.

Sunlight

The light and energy that comes from the sun, providing warmth and facilitating photosynthesis in plants.

Method of Concomitant Variations

A research method where one observes the effects of the deliberate variation of one factor on a phenomenon to identify causation.

Necessary Condition

A necessary condition is a condition that must be present for an event or state of affairs to occur; without it, the event or state cannot exist.