Figure 7-2 -Refer to Figure 7-2. If the Real GDP Is $7,000

question 73

Multiple Choice

Figure 7-2
-Refer to Figure 7-2. If the real GDP is $7,000 billion and the implicit price deflator is 1.12, what is the value of nominal GDP?

• A) $6,250 billion
• B) $7,840 billion
• C) $9,000 billion
• D) cannot be determined from the information given

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Social Comparison

The process by which individuals evaluate their own opinions, abilities, and traits by comparing themselves to others.

Perspective Taking

The ability to understand and consider the thoughts, feelings, and viewpoints of others.

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A term referring to individuals with physical disabilities that limit their activities or movements.