GDP can increase from one year to the next by:
A)increases in prices while quantities of goods and services are constant.
B)increases in the quantities of goods and services produced while prices remain constant.
C)both prices and quantities of goods and services increase.
D)all of the above.

Question

Quizplus · Accepted Answer

GDP can increase due to any of these factors: purely inflationary increases (A), real growth in output (B), or a combination of both inflation and real growth (C).

GDP Can Increase from One Year to the Next By