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Can nominal GDP increase even when real GDP decreases?

Sublight2097

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9 years ago

Can nominal GDP increase even when real GDP decreases?

Can nominal GDP increase even when real GDP decreases?
A) No, it is not possible.
B) Yes, but only if the price level decreases.
C) Yes, but only if the price level increases.
D) Yes, but only if the price level remains unchanged.

Textbook

The Economic Way of Thinking

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

Read 240 times

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Sydnie

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#1

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Sublight2097 Author

wrote...

#2

8 years ago

I've noticed they use a lot of trickery with their questions. Thank you for your input.

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