Is It Possible for a Country's Nominal GDP to Increase

question 107

Multiple Choice

Is it possible for a country's nominal GDP to increase and real GDP to decrease from one year to the next?

• A) Yes, it would indicate a larger rise in prices relative to a decrease in output.
• B) No, since prices are held constant and that would be mathematically impossible.
• C) Yes, it would indicate a larger rise in output relative to a decrease in prices.
• D) No, since output is held constant and that would be mathematically impossible.

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Definitions:

Validation Rule Property

A set of constraints applied to a database field to ensure the data entered meets specific criteria before it can be accepted.

DateHired Field

A specific field in a database table that records the date an employee was hired.

Single-Value Lookup Field

A type of field in a database that allows the user to select a single value from a list, linking it to another table for reference.

OrderDate

A specific column or field in a database or data set that records the date on which an order was placed or processed.