If GDP in 2008 exceeds GDP in 2007,then

A) The 2008 price level must be higher than the 2007 price level.
B) The 2008 production must be greater than the 2007 production.
C) Both the price level and production in 2008 must be higher than in 2007.
D) Either the price level or production,or both the price level and production,in 2008 must be higher than in 2007.

Price Level

The mean cost across the full breadth of goods and services currently produced in the economy.

Production

The process of creating goods or services by combining labor, capital, and natural resources.

GDP

Gross Domestic Product, a measure of a country's economic performance, representing the total value of all goods and services produced over a specific time period.