Suppose in 2007, Nominal GDP in a Country Clarendon Was

question 144

Multiple Choice

Suppose in 2007, nominal GDP in a country Clarendon was $12,840 billion and real GDP was $10,560 billion. Calculate the value of the implicit price deflator, in the way such numbers are normally published.

• A) 21.59
• B) 82.24
• C) 121.59
• D) 177.57

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Definitions:

Sued

The act of bringing a legal action against an individual or entity to seek remedy or damages due to alleged wrongdoing or breach of contract.

Undisclosed Principal

A situation in which the identity of the principal is hidden from the third party by the agent at the time of entering into a contract or transaction.

Agent Duties

Obligations and responsibilities that an agent owes to their principal, including loyalty, confidentiality, and care.

Undisclosed Principal

In agency law, an individual whose existence and identity are not revealed by the agent during transactions conducted on their behalf.