Between Two Given Years,if Real GDP and Nominal GDP Grow

question 148

Multiple Choice

Between two given years,if real GDP and nominal GDP grow at the same rate,then:

• A) the price level increased.
• B) prices must have remained constant between the two years.
• C) quantities must have remained constant between the two years.
• D) prices and quantities must have remained constant between the two years.
• E) prices and quantities must have grown at the same rate between the two years.

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Definitions:

Servant Leadership

A leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Robert Greenleaf

An American essayist and management consultant who originated the concept of "servant leadership," focusing on serving others as the primary goal of leadership.

Expert Power

The ability to influence others based on one's knowledge, experience, or skills in a specific domain.

Proficiency

The state of being skilled or competent in a particular activity or field.