If the Price Index Is Rising Over a Period of Time

question 117

Multiple Choice

If the price index is rising over a period of time, then the real GDP in years:

• A) Prior to the base year will be larger than the nominal GDP
• B) Prior to the base year will be less than the nominal GDP
• C) After the base year will be higher than the nominal GDP
• D) After the base year will be rising faster than the nominal GDP

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Definitions:

Conscience

Internal standards of behavior, which usually control one’s conduct and produce emotional discomfort when violated.

Autonomy

The ability or right of individuals to make their own decisions without interference from others.

Caregiver

An individual who provides care and support to a person who is elderly, disabled, or otherwise in need, often a family member or professional assistant.

Daycare

A service that cares for children during the day, providing supervision, education, and activities while parents are at work or unavailable.