Question

If prices in an economy are rising but the quantity of goods and services remain constant, which of the following is true?(1 point)

Responses

Nominal GDP is falling.
Nominal GDP is falling.

Real GDP is rising.
Real GDP is rising.

Real GDP is not changing.
Real GDP is not changing.

Nominal GDP is not changing.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Nominal GDP is rising.