Of the following, which is correct?
A) Nominal GDP increases when the prices of goods and services increase.
B) Nominal GDP does not change when the production of goods and services increases.
C) Nominal GDP is not affected by changes in prices of goods and services.
D) Real GDP changes only when the prices of goods and services really change.
Correct Answer:
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Q163: Which of the following is included in
Q164: Nominal GDP is the value of final
Q165: Q166: The presence of _creates a difference in Q167: Nominal GDP is Q169: In the national income accounts, net interest Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) GDP valued at constant
