#10

Of the following, is the best measure of a nation's standard of living over time. per capita nominal GDP real GDP nominal GDP Part 2 (1 point per capita real See Hint GDP Which of the following occurs during a contraction? Choose one: O A. real GDP rises; employment rises; incomes fall O B. real GDP falls; employment falls; incomes rise O C. real GDP rises; employment rises; incomes rise O D. real GDP falls; employment falls; incomes fall Part 3 (1 point) See Hint Suppose U.S. nominal GDP changed by 3.50% from 2019 to 2020, and the price level changed by -2.00%. Therefore, real GDP changed by approximately %