Question

Which of the following is true regarding nominal and real GDP?

A) the only thing that can increase nominal GDP is an increase in inflation
B) the only thing that can increase nominal GDP is an increase in output
C) the only thing that can increase real GDP is an increase in inflation
D) the only thing that can increase real GDP is an increase is output

Answer 1

d) the only thing that can increase real GDP is an increase is output

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