GDP can rise as a result of a rise in __________________,and Real GDP can rise as a result of a rise in _______________________.
A) prices or output; prices only.
B) prices only; prices or output.
C) prices or output; output only.
D) prices or output; prices or output.

Question

Quizplus · Accepted Answer

GDP can rise as a result of a rise in both prices and output, but Real GDP only rises as a result of a rise in output since it adjusts for inflation. Therefore, choice C, which includes a rise in output only for Real GDP, is the best answer.

GDP Can Rise as a Result of a Rise in __________________,And