If the Quantity of Goods and Services Produced in the Economy

question 53

Multiple Choice

If the quantity of goods and services produced in the economy decreases,

• A)it may be possible for real GDP to increase.
• B)real GDP would certainly increase.
• C)it may be possible for nominal GDP to increase.
• D)nominal GDP would certainly increase.

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Definitions:

Retinal Disparity

The slight difference in the images projected on the two retinas, which contributes to depth perception in binocular vision.

Stereopsis

The perception of depth and three-dimensional structure obtained on the basis of visual information deriving from two eyes by individuals with normally developed binocular vision.

Figure-Ground

A perceptual principle referring to the organization of visual elements into foreground figures that stand out against a background.

Vestibular Organs

The sensory structures in the inner ear that are responsible for maintaining balance and spatial orientation by detecting changes in head movements.