Real GDP will increase if aggregate output increases.

Name: Real GDP will increase if aggregate output increases.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Real GDP is calculated based on the total output of goods and services in an economy. If the aggregate output increases, it means there is a higher amount of goods and services being produced, which will result in an increase in real GDP. Therefore, the statement is true.

Real GDP Will Increase If Aggregate Output Increases