Please choose the correct answer for the following questions:

Question 17 1 pts The U.S. GDP grew in 2019 as a result of an increase in the price of consumer goods, does this mean that the Real GDP has increased? No OYA'S No answer text provided. No answer text provided.Question 18 1 pts A rise in the Real GDP is caused by O an increase production level. O an increase in price O people paying more for the same basket of goods. All of the above. NextQuestion-I19 lots The price of good A Is $2 and the quantity of good A produced In that year is 1.000.000. Compute the GDP based on good A. 0 32.03000 '\" $500,000 0 320000000 F\" 1.000.002 \fQuestion 21 1 pts If the U.S. GDP was $8.1 trillion in the earlier year and $8.5 trillion in the later year, percentage change in the Real GDP is 4.94% 20.25% O 0.049% O 2.025%Question 22 1 pts At the peak of the business cycle, the Real GDP is at a recession. OFalse True O No answer text provided. O No answer text provided.Question 23 1 pts The recovery of the business cycle begins at trough and ends at the initial peak. O True False O No answer text provided. O No answer text provided.Question 25 1 pts GDP is also known as the National Income. True False O OQuestion 24 1 pts Two consecutive quarterly declines in Real GDP constitute A recersion. O Peak. Economic growth. Recovery