If Nominal GDP Increases from One Year to the Next

question 8

Multiple Choice

If nominal GDP increases from one year to the next, _____ must have risen.

• A)prices
• B)real GDP
• C)prices and real GDP
• D)output or prices or both

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Definitions:

Affirmative-Action Plan

A strategy aimed at increasing opportunities for historically socio-politically disadvantaged groups in employment, education, and business sectors.

Workforce Composition

The demographic makeup of employees in an organization, including diversity in gender, ethnicity, age, and other factors.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Major Life Activity

Major life activity refers to actions considered essential for daily living, such as walking, eating, and sleeping, often discussed in the context of disability rights.