_{-------------}is most likely to contribute to an improvement in our living standard. A)A decrease in nominal GDP B)An increase in the GDP deflator combined with a decrease in nominal GDP C)An increase in the price level D)An increase in depreciation E)An increase in real GDP

Question

Quizplus · Accepted Answer

An increase in real GDP indicates that the economy is producing more goods and services, which generally leads to an improvement in living standards.

-------------is Most Likely to Contribute to an Improvement in Our

_{-------------}is Most Likely to Contribute to an Improvement in Our