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.

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 government spending, private consumption, investment, and net exports (exports minus imports).

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

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.

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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.