Nominal gross domestic product
A)is not affected by the level of inflation.
B)changes only when there is a change in output.
C)changes only when there is a change in the price level.
D)can change when there is a change in either output or the price level.

Question

Quizplus · Accepted Answer

Nominal GDP can change due to variations in both the quantity of goods and services produced (output) and the prices at which they are sold (price level).

Nominal Gross Domestic Product