If real GDP rises and the GDP price index has increased:
A. the percentage increase in nominal GDP must have been less than the percentage
increase in the price level.
B. nominal GDP may have either increased or decreased.
C. nominal GDP must have increased.
D. nominal GDP must have fallen.
C. nominal GDP must have increased.
Economics
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An agreement to reduce the volume of trade in a specific good is
A. An embargo. B. A voluntary restraint agreement. C. A quota. D. The terms of trade.
Economics
For much of the history of aid, ________ has been a driving force in decisions about how much to give in foreign aid.
A. the interest rate in the home country B. political strategy C. the finance gap of receiving countries D. the opportunity cost of investing in developing nations
Economics