Which of the Following Could Cause Nominal GDP to Decrease,but

question 35

Multiple Choice

Which of the following could cause nominal GDP to decrease,but real GDP to increase?

• A)The price level rises and the quantity of final goods and services produced rises.
• B)The price level falls and the quantity of final goods and services produced rises.
• C)The price level rises and the quantity of final goods and services produced falls.
• D)The price level falls and the quantity of final goods and services produced falls.

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Definitions:

Weight Measurements

The determination of the mass of an object or body, often involving scales and expressed in units such as kilograms or pounds.

Inferential Statistics

A branch of statistics that uses a sample of data to make generalizations or predictions about a larger population.

Correlation

A statistical measure that expresses the extent to which two variables change together, indicating the strength and direction of their relationship.

Descriptive Statistics

Statistical methods that summarize and organize the characteristics of a set of data in order to give a clear overview without drawing conclusions beyond the data itself.