If Real GDP in 2012 Using 2011 Prices Is Lower

question 29

Multiple Choice

If real GDP in 2012 using 2011 prices is lower than nominal GDP of 2012,then

• A)prices in 2012 are lower than prices in 2011.
• B)nominal GDP in 2012 equals nominal GDP in 2011.
• C)prices in 2012 are higher than prices in 2011.
• D)real GDP in 2012 is larger than real GDP in 2011.

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Definitions:

Slotting Allowances

Fees paid by manufacturers to retailers for securing shelf space for new products, ensuring visibility in stores.

Competitive Advantage

A strategic advantage one company holds over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Competitive Advantage

The unique attributes or capabilities that allow a company to outperform its competitors, including superior products, services, processes, or technologies.

Customer Retention

The activities and actions companies and organizations take to reduce the number of customer defections and to encourage loyalty among existing customers.