{"id":26203,"date":"2026-11-01T03:49:35","date_gmt":"2026-10-31T21:49:35","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/if-florida-nominal-gdp-rises-which-interpretation-is-valid\/"},"modified":"2026-11-01T03:49:35","modified_gmt":"2026-10-31T21:49:35","slug":"if-florida-nominal-gdp-rises-which-interpretation-is-valid","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/if-florida-nominal-gdp-rises-which-interpretation-is-valid\/","title":{"rendered":"If Florida&#8217;s nominal GDP rises, which interpretation is valid?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">If Florida&#8217;s nominal GDP rises, which interpretation is valid?<\/p>\n\n\n<ul class=\"quiz-options\">\n<li>Inflation must be zero<\/li>\n<li>Only physical output can have increased<\/li>\n<li>Prices, quantities produced, or both may have increased<\/li>\n<li>Household welfare must have improved equally<\/li>\n<\/ul>","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","subject":[3258],"topic":[4066,4057],"education_level":[1896],"class_list":["post-26203","mcq","type-mcq","status-publish","hentry","subject-us-economy","topic-florida-economy","topic-florida-facts","education_level-hsc"],"mcq_note":"<p><strong>Prices, quantities produced, or both may have increased<\/strong> is correct. An increase in nominal GDP can reflect increased prices, increased output, or both.<\/p><p>Current-dollar GDP includes the effect of price changes; use real GDP when asking how inflation-adjusted output changed.<\/p>","mcq_options":[{"right":"no","answer":"Inflation must be zero"},{"right":"no","answer":"Only physical output can have increased"},{"right":"yes","answer":"Prices, quantities produced, or both may have increased"},{"right":"no","answer":"Household welfare must have improved equally"}],"multi_answers":"no","subject_terms":[{"id":3258,"title":"U.S. Economy","slug":"us-economy"}],"topic_terms":[{"id":4066,"title":"Florida Economy","slug":"florida-economy"},{"id":4057,"title":"Florida Facts","slug":"florida-facts"}],"education_level_terms":[{"id":1896,"title":"HSC","slug":"hsc"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/26203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=26203"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=26203"}],"wp:term":[{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=26203"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=26203"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=26203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}