If Real GDP in 2016 Using 2015 Prices Is Higher

question 289

Multiple Choice

If real GDP in 2016 using 2015 prices is higher than nominal GDP of 2016, then

• A) prices in 2016 are higher than prices in 2015.
• B) nominal GDP in 2016 equals nominal GDP in 2015.
• C) prices in 2016 are lower than prices in 2015.
• D) real GDP in 2016 is smaller than real GDP in 2015.

---

Definitions:

Fatty Acid Chains

Long hydrocarbon chains with a carboxylic acid group at one end, found in fats and oils, and serve as major components of cell membranes and energy storage molecules.

Double Bonds

Chemical bonds between two atoms involving four bonding electrons instead of the usual two, making the bond stronger and the molecules more reactive.

Covalent Bonds

Electron pairs shared between atoms result in the formation of chemical bonds.

Molecular Shapes

The three-dimensional configurations of atoms within a molecule, influenced by the chemical bonding and spatial distribution of electrons.