Real GDP will increase
A)only if the price level rises.
B)only if the price level falls.
C)only if the quantity of final goods and services produced rises.
D)if either the price level rises or the quantity of final goods and services produced rises.

Question

Quizplus · Accepted Answer

Real GDP measures the value of all final goods and services produced within a country in a given period, adjusted for inflation. It increases only if the quantity of goods and services produced rises, not because of changes in the price level.

Real GDP Will Increase