If the Nominal GDP Rises by 6 Percent and the Real

question 91

Multiple Choice

If the nominal GDP rises by 6 percent and the real GDP rises by 3 percent, then the price level ________ by ________.

• A) rises; 3 percent
• B) rises; 9 percent
• C) falls; 3 percent
• D) falls; 9 percent
• E) There is no change in inflation.

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Definitions:

Nutrient

Substances that provide nourishment essential for the growth and maintenance of life.

Psychological Benefits

Positive effects on mental health and well-being that arise from certain activities, experiences, or situations, such as reduced stress, enhanced mood, and improved self-esteem.

Transmission Rate

The speed or frequency at which a disease or condition spreads among individuals in a population.

Immune Deficiency Syndrome

A condition in which the immune system's ability to fight infectious disease and cancer is compromised or entirely absent, leading to increased susceptibility to infections.