GDP Can Increase at a Faster Rate Than Real GDP

question 35

Multiple Choice

GDP can increase at a faster rate than real GDP

• A)only if there is a decline in the price level.
• B)only if the unemployment rate is increasing.
• C)only if the value of the dollar is stable.
• D)only if the population is growing.
• E)only if there is inflation.

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Definitions:

System

A group of guidelines or processes used to accomplish a task; a systematic strategy or technique.

Positive Exponents

Exponents that are positive numbers, indicating how many times the base is multiplied by itself.

Expression

A combination of symbols that represent a quantity or a relationship between quantities, often including variables and constants.

Z

In statistics, \(Z\) often represents the z-score, a measure of how many standard deviations an element is from the mean.