If Real GDP Increases We Know for Sure That

question 73

Multiple Choice

If real GDP increases we know for sure that

• A)output has risen.
• B)prices have risen.
• C)prices have risen but output has remained constant.
• D)prices have remained constant.

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Definitions:

Use Value

The utility of a good or service for satisfying a need or providing a benefit to the user, as opposed to its exchange value or price.

Emancipatory Subject

An individual or collective agent engaged in actions and discourses aiming at liberation from oppressive conditions or structures.

Unpaid Labor

Work that does not receive monetary compensation, such as household chores, caregiving, and volunteer services, which often remains undervalued in economic analyses.

Gender

A social construct that refers to the roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.