If the quantity of goods and services produced in the economy decreases,
A) it may be possible for real GDP to increase.
B) real GDP would certainly increase.
C) it may be possible for nominal GDP to increase.
D) nominal GDP would certainly increase.
E) nominal GDP would certainly decrease.
Correct Answer:
Verified
Q158: If prices in the economy rise,then
A)the purchasing
Q175: What would explain a rise in nominal
Q176: Table 4.13 Q178: Table 4.12 Q179: Nominal GDP will increase Q181: It is possible for nominal GDP to Q183: Using "chain-weighted" prices to calculate real GDP 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
A)only if the price
