When Real GDP Increases, What Could Not Have Happened

question 117

Multiple Choice

When real GDP increases, what could not have happened?

• A) rising prices
• B) increasing population
• C) falling prices
• D) decreasing population
• E) decreasing quantities produced

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Definitions:

Budget Line

A visual depiction displaying every combination of two items a consumer is able to purchase with their income, based on the costs of these goods.

Commodity Bundle

A combination of goods or services that a consumer might consume, considered in consumption and preference analysis.

Budget Equation

An equation that represents the balance between an entity's income and expenses, often used in personal finance or government budgets.

Crates Of Butternuts

Containers used for the storage or transport of butternuts, a type of nut often used in cooking and baking.