If Real GDP Rises and the GDP Price Index Has

question 30

Multiple Choice

If real GDP rises and the GDP price index has increased,

• A) the percentage increase in nominal GDP must have been less than the percentage increase in the price level.
• B) nominal GDP may have either increased or decreased.
• C) nominal GDP must have increased.
• D) nominal GDP must have fallen.

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Definitions:

Lengthy Study

An extended period of academic or scientific research aimed at investigating a specific hypothesis, question, or area of knowledge.

Randomly Assigned

A method used in research studies where participants are assigned to different groups in a completely unpredictable manner to ensure that the groups are equivalent at the start.

Preexisting Differences

Variations among individuals or groups that exist before the start of an experiment or study, which could affect its outcomes.

Research Participants

Individuals who take part in scientific studies, providing data for analysis and insights into various research questions.