Real GDP can increase if the i. quantities of goods and ...

[xclash]

Real GDP can increase if the
 
  i. quantities of goods and services produced decrease and prices fall by a smaller percentage.
  ii. quantities of goods and services produced decrease and prices fall by a larger percentage.
  iii. quantities of goods and services produced decrease and prices do not change.
  iv. quantities of goods and services produced increase.
  A) i and iii B) iii only C) i only D) iv only E) i, ii, and iii

Question 2

As the real wage rate rises, the opportunity cost of
 
  A) working rises.
  B) saving rises.
  C) leisure rises.
  D) buying goods and services rises.
  E) leisure falls.

[manuelcastillo]

Answer to Question 1

D

Answer to Question 2

C