If you appreciate our work, consider supporting us:

QUESTION:

If nominal GDP in 2022 exceeds nominal GDP in 2021, then the production of output must have _______.

a. risen

b. fallen

c. stayed the same
d. risen or fallen because there is not enough information to determine what happened to real output

ANSWER:

d. risen or fallen because there is not enough information to determine what happened to real output


Back to Questions