Author Question: In the economic way of thinking, a rise in the real output of final goods and services can be ... (Read 112 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
In the economic way of thinking, a rise in the real output of final goods and services can be associated with
 
  A) a fall in the price level.
  B) a rise in nominal GDP.
  C) a rise in the price level.
  D) a fall in nominal GDP.
  E) any of the above.

Question 2

What can economists conclude if they observe an increase in real GDP?
 
  A) The price level must have fallen.
  B) The real output of final goods and services must have risen.
  C) National welfare must have risen.
  D) Nominal GDP must have risen.
  E) All of the above.



JYan

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

E

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

For a complete list of videos, visit our video library