Which of the following is most likely to indicate higher unemployment?
A) an increase in real GDP
B) an increase in nominal GDP
C) a decrease in real GDP
D) a decrease in nominal GDP

Name: Which of the following is most likely to indicate higher unemployment? A) an increase in real GDP B) an increase in nominal GDP C) a decrease in real GDP D) a decrease in nominal GDP
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Question

Quizplus · Accepted Answer

A decrease in real GDP indicates a decrease in overall economic activity, which often leads to higher unemployment rates.

Which of the Following Is Most Likely to Indicate Higher