If Real GDP Increases and the Price Index Also Increases

question 47

Multiple Choice

If real GDP increases and the price index also increases:

• A)​nominal GDP must also have risen.
• B)​nominal GDP must have fallen.
• C)​nominal GDP could have either risen or fallen.
• D)​the percentage increase in nominal GDP must have been greater than the percentage increase in the price level.

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Definitions:

Political Influence

The ability to sway or control decisions, policies, or opinions within political structures or processes.

French Organizations

Entities or corporate bodies that are established, registered, or primarily operate within France, following the country's legal and cultural business frameworks.

Decision-Making Process

The decision-making process is the sequence of steps an individual or group follows to choose among alternatives and arrive at a final choice.

Creativity

The ability to produce original and valuable ideas or solutions.