Changes in nominal GDP reflect
A) only changes in prices.
B) only changes in the amounts being produced.
C) both changes in prices and changes in the amounts being produced.
D) neither changes in prices nor changes in the amounts being produced.
Correct Answer:
Verified
Q5: When studying changes in the economy over
Q7: Real GDP will increase
A)only when prices increase.
B)only
Q8: Which of the following always uses prices
Q9: Which of the following is correct?
A)Nominal GDP
Q11: In the base year,the GDP deflator is
Q12: Which of the following statements about GDP
Q13: If total spending rises from one year
Q14: Nominal GDP will definitely increase when
A)prices increase
Q210: If total spending rises from one year
Q215: When economists talk about growth in the
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