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 gross domestic product can change when there is a change in either output or the price level. It is calculated by multiplying the quantity of goods and services produced by their respective prices, thus changes in output or price level can affect nominal GDP.

Nominal Gross Domestic Product