Nominal GDP will increase

A) only if the quantity of final goods and services produced rises.
B) if either the price level or the quantity of goods and services produced rises.
C) only if the price level rises.
D) only if the price level falls.


B

Economics

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A. Average total cost. B. Marginal cost. C. Opportunity cost. D. Variable cost.

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Indicate whether the statement is true or false

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