Which of the following could cause nominal GDP to decrease next year,but real GDP to increase?
A) The price level rises and the quantity of final goods and services produced rises.
B) The price level falls and the quantity of final goods and services produced rises.
C) The price level rises and the quantity of final goods and services produced falls.
D) The price level falls and the quantity of final goods and services produced falls.
Correct Answer:
Verified
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A)production
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Q141: Table 8-13 Q142: If the quantity of goods and services Q143: China's current rate of GDP growth is Q145: Nominal GDP is GDP in a given Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
