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If real GDP has increased, which of the following statements is always true?

bedau

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If real GDP has increased, which of the following statements is always true?

If real GDP has increased, which of the following statements is always true?
A) Nominal GDP has increased.
B) Output has increased.
C) Prices have remained the same.
D) Output might have decreased if prices have risen enough.

Textbook

Macroeconomics

Macroeconomics

Edition: 12^th

Author: Gordon

Read 61 times

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thecrom

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bedau Author

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Smart ... Thanks!

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