Nominal GDP can change
A)only if prices change.
B)only if the quantities of goods and services change.
C)only if prices increase.
D)if either prices or the quantities of goods and services change.
E)only if prices and the quantities of the goods and services change.

Question

Quizplus · Accepted Answer

Nominal GDP is calculated by multiplying the quantities of goods and services produced by their respective prices. Therefore, if either prices or the quantities of goods and services change, then nominal GDP can change.

Nominal GDP Can Change