If both the real and nominal GDP of a country increase, then we can be sure that:
A) production must have increased.
B) prices must have increased.
C) production must have decreased.
D) prices must have decreased.

Question

Quizplus · Accepted Answer

If both real and nominal GDP increase, it means that the quantity of goods and services produced (real GDP) has increased, and the prices of those goods and services (nominal GDP) have also increased.

If Both the Real and Nominal GDP of a Country