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

Question

Quizplus · Accepted Answer

An increase in real GDP means that the economy is producing more goods and services, which can lead to increased incomes, employment, and consumption. This can, therefore, contribute to an improvement in our living standards.

________ Is Most Likely to Contribute to an Improvement in Our