If the prices of all goods and services rose, but the quantity produced remained unchanged, what would happen to nominal and real GDP?

A.  Nominal and real GDP would both rise.
B.  Nominal and real GDP would both be unchanged.
C.  Real GDP would rise, but nominal GDP would be unchanged.
D.  Nominal GDP would rise, but real GDP would be unchanged.

ANSWER:

D.  Nominal GDP would rise, but real GDP would be unchanged.