Nominal GDP Will Increase

question 241

Multiple Choice

Nominal GDP will increase

• A)only if the price level rises.
• B)only if the price level falls.
• C)only if the quantity of final goods and services produced rises.
• D)if either the price level or the quantity of goods and services produced rises.

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Definitions:

Syntax Rules

The set of principles and processes that govern the structure of sentences in a given language, determining how words combine to form phrases and sentences.

Complex Sentences

Sentences that contain one independent clause and one or more dependent clauses, used to express more detailed or compound ideas.

Function Morphemes

The grammatical units in a language that express syntactic relationships between words in a sentence but do not typically carry lexical meaning themselves.

Prototype Theory

A cognitive theory which suggests that when people categorize objects or concepts, they match them against an internal "best example" or prototype of the category.