If nominal gross domestic product (GDP)is increasing,which of the following may be true?
A) More final goods and services are being produced.
B) Prices on average are rising at a slower rate than the decline in the quantity of final goods and services produced.
C) Less is being produced,and prices on average are falling.
D) Production of final goods and services is increasing at a faster rate than prices are falling.
E) Prices and the amount of final goods and services produced on average are constant.

Question

Quizplus · Accepted Answer

The Answer of If nominal gross domestic product (GDP)is increasing,which of the following may be true?
A) More final goods and services are being produced.
B) Prices on average are rising at a slower rate than the decline in the quantity of final goods and services produced.
C) Less is being produced,and prices on average are falling.
D) Production of final goods and services is increasing at a faster rate than prices are falling.
E) Prices and the amount of final goods and services produced on average are constant.

If Nominal Gross Domestic Product (GDP)is Increasing,which of the Following