Suppose That Nominal GDP in 2016 Was Less Than Real

question 167

Multiple Choice

Suppose that nominal GDP in 2016 was less than real GDP in 2016.Given this information,we know for certain that

• A)the price level in 2016 was greater than the price level in the base year.
• B)the price level in 2016 was less than the price level in the base year.
• C)real GDP in 2016 was less than real GDP in the base year.
• D)real GDP in 2016 was greater than real GDP in the base year.

---

Definitions:

Experiential Factors

Elements and influences arising from personal experiences that shape an individual's development, behaviors, and perceptions.

Biological Factors

Genetic, neurological, and physical conditions that affect human behavior and physical health.

Gender Constancy

The understanding that one's gender is fixed and does not change over time, typically developed by age 6 or 7.

Independently

The capability of doing something without being directed or influenced by other people.