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tensa zangetsu [6.8K]
2 years ago
14

GDP can rise as a result of a rise in __________________, and Real GDP can rise as a result of a rise in _______________________

. Select one: a. prices or output; prices only. b. prices only; prices or output. c. prices or output; output only. d. prices or output; prices or output.
Business
1 answer:
dmitriy555 [2]2 years ago
3 0

Answer:

The correct answer is letter "C": prices or output; output only.

Explanation:

The Gross Domestic Product (GDP) is a measure of the value of all production of a country during a specific period. The factors of GDP are <em>government spending, private consumption, investment, </em>and<em> net exports (exports minus imports)</em>.  

The real GDP represents the changes in real production. It is the GDP adjusted for inflation. <em>Real GDP changes only if there are fluctuations in the output. GDP changes in front of changes in price and output.</em>

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