Nominal GDP will increase
A) only if the unemployment rate rises.
B) only if the quantity of goods and services produced increases.
C) only if the average level of prices rises.
D) only if both the average level of prices rises and the quantity of goods and services produced increases.
E) if either the average level of prices rises or the quantity of goods and services produced increases.
Correct Answer:
Verified
Q92: Use the table below to answer the
Q93: Consumption expenditure includes only
A)expenditure by Canadian households,
Q94: The purchase of a new home is
Q95: A south sea island produces only coconuts.In
Q96: Suppose Angela falls in love with and
Q98: The existence of which one of the
Q99: In any year, real GDP
A)increases if potential
Q100: One of the reasons why real GDP
Q101: When we use PPP we can make
Q102: ![]()
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