An increase in the value of GDP over time:
A) is always due to an increase in prices.
B) is always due to an increase in the production of goods and services.
C) may be due to an increase in prices, in the production of goods and services, or both.
D) may be due to a decrease in prices, in the production of goods and services, or both.
Correct Answer:
Verified
Q137: In the United States:
A) GNP is about
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Q144: Use the following to answer questions :
Table:
Q144: Real GDP is nominal GDP adjusted for:
A)
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A) equal to consumer spending
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