Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

In what conditions will real Gross Domestic Product (GDP) rise most quickly?

  • Arate of change in nominal GDP = $0\%$ per year; rate of change in general price level = $-2\%$ per year
  • Brate of change in nominal GDP = $0\%$ per year; rate of change in general price level = $+2\%$ per year
  • Crate of change in nominal GDP = $+2\%$ per year; rate of change in general price level = $-2\%$ per year
  • Drate of change in nominal GDP = $+2\%$ per year; rate of change in general price level = $+2\%$ per year

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