Which of the following could cause nominal GDP to increase and real GDP to decrease?

A) The price level falls and the quantity of final goods and services produced falls.
B) The price level falls and the quantity of final goods and services produced rises.
C) The price level rises and the quantity of final goods and services produced falls.
D) The price level rises and the quantity of final goods and services produced rises.

C

Economics

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In what way does land differ from other inputs such as labor and capital?

What will be an ideal response?

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Given that the firm wants to sell both the versions, how high can the high-end professional knives be priced?

a. $60 b. $70 c. $80 d. $100

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