Real GDP Will Increase

question 81

Multiple Choice

Real GDP will increase

• A)only if the price level rises.
• B)only if the price level falls.
• C)only if the quantity of final goods and services produced rises.
• D)if either the price level rises or the quantity of final goods and services produced rises.

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Definitions:

Franchise

A type of business model where a business owner (franchisor) licenses their business name, products, and operating methods to an independent entrepreneur (franchisee).

Franchise Agreements

Contracts between the franchisor and franchisee outlining the terms under which the franchise operates, including fees, rights, and responsibilities.

Lawyer

Someone with the qualifications to advise on legal affairs or represent clients in matters of the law.

Franchise Agreement

A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions of the franchise arrangement.