An Increase in the Value of Nominal GDP Over Time

question 81

Multiple Choice

An increase in the value of nominal GDP over time:

• A) is always due to an increase in prices.
• B) is always due to an increase in the production of goods and services.
• C) may be due to an increase in prices, in the production of goods and services, or both.
• D) may be due to a decrease in prices, in the production of goods and services, or both.

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