If Nominal GDP Increases from One Year to the Next,then

question 123

Multiple Choice

If nominal GDP increases from one year to the next,then

• A)production must have increased.
• B)production could have increased,decreased,or stayed the same.
• C)prices must have increased.
• D)prices and production must both have increased.
• E)prices and production must both have decreased.

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Definitions:

Breach of Warranty

The failure to meet the terms of a promise or guarantee made about the quality or condition of a product or service.

Outdoor Outfitters

Companies or organizations that provide or sell equipment and supplies for outdoor activities.

Remedies Available

The various means a court of law has at its disposal to address, rectify or compensate for harm or injury caused by a breach of duty or right.

Written Warranty

A written warranty is a legally binding guarantee issued by a manufacturer or seller to a buyer, promising to repair or replace the product if necessary within a specified period.