________ is most likely to contribute to an improvement in our living standard.
A)An increase in real GDP
B)An increase in the price level
C)A decrease in nominal GDP
D)An increase in depreciation
E)An increase in the GDP deflator combined with a decrease in nominal GDP

Question

Quizplus · Accepted Answer

An increase in real GDP would indicate an increase in the production of goods and services in an economy, resulting in a higher standard of living due to greater availability of goods and services.

________ Is Most Likely to Contribute to an Improvement in Our