If the Nominal GDP Rises by 3 Percent and the Price

question 63

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 these answers are correct.

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Definitions:

Mass Media

The various forms of communication tools, such as television, newspapers, radio, and the internet, that reach a large audience simultaneously, playing a crucial role in shaping public opinion and disseminating information.

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A multinational media conglomerate known for its various television networks and film companies, playing a significant role in global entertainment.