question 31

Remaining Time: 1 hour, 0'1 minute, 24 seconds. Question Completion Status: A Moving to another question will save this response. > Question 31 1 points Save Answer Choose the correct statement. O Nominal GDP is just a more precise name for GDP. O We measure the change in production by comparing nominal GDP in one year with real GDP in the previous year. O When nominal GDP increases, real GDP decreases. O Nominal GDP is just a more precise name for real GDP. O Nominal GDP and real GDP both increase when the average level of prices increase. > A Moving to another question will save this response. &gt