If the Nominal GDP Rises by 3 Percent and the Price

question 17

Multiple Choice

If the nominal GDP rises by 3 percent and the price level rises by 5 percent,then the real GDP __________ by __________.

• A)rises;8 percent
• B)falls;8 percent
• C)rises;2 percent
• D)falls;2 percent
• E)none of the above

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Definitions:

Diversity Training

Educational programs aimed at increasing participants' cultural awareness, knowledge, and skills to foster an inclusive working environment.

Human Rights Complaints

Formal grievances lodged by individuals or groups alleging violations of their fundamental rights and freedoms by states or organizations.

Affinity Groups

Affinity groups are gatherings of individuals who share common interests, goals, or characteristics, often within larger organizations or communities, to provide support and promote activities related to their shared interest.

Inclusive Working Environment

A workplace setting that values diversity and promotes equal opportunities for all employees, regardless of their background.