If Real GDP Increased by 2% and Nominal GDP Increased

question 12

Multiple Choice

If real GDP increased by 2% and nominal GDP increased by 1%, then output:

• A)​increased and the price level increased.
• B)​increased and the price level decreased.
• C)​decreased and the price level increased.
• D)​decreased and the price level decreased.

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Definitions:

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A database management system from Microsoft that allows users to store, retrieve, manage, and report data.

SQL Keyword

A reserved word in SQL (Structured Query Language) that is used to perform operations such as querying, updating, and managing databases.

Primary Key Field

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A database relationship where a single record in one table is linked to multiple records in another table.