Real GDP changes when
A. all prices change by the same proportion, but all outputs remain constant.
B. some but not all prices change, but outputs remain constant.
C. some outputs change, but prices remain constant.
D. Both B and C.
Answer:D
Real GDP changes when
A. all prices change by the same proportion, but all outputs remain constant. B. some but not all prices change, but outputs remain constant. C. some outputs change, but prices remain constant. D. Both B and C.