Which of the Following Could Cause Nominal GDP to Decrease,but

question 35

Multiple Choice

Which of the following could cause nominal GDP to decrease,but real GDP to increase?

• A)The price level rises and the quantity of final goods and services produced rises.
• B)The price level falls and the quantity of final goods and services produced rises.
• C)The price level rises and the quantity of final goods and services produced falls.
• D)The price level falls and the quantity of final goods and services produced falls.

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Definitions:

Job Loss

The act of becoming unemployed due to reasons such as layoffs, company closure, or termination, often impacting the individual's income and livelihood.

Collateral Agreement

A secondary contract that supports the performance of obligations in a primary contract, often by providing for a security interest in assets.

Consideration

Something of value exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Power of Attorney

An official paper authorizing an individual (the agent) to handle legal or financial issues for another person (the principal).