If the Real GDP in 2003 Is $12,400 Billion and the Implicit

question 34

Multiple Choice

If the real GDP in 2003 is $12,400 billion and the implicit price deflator is 1.4, what is the approximate value of nominal GDP in 2003?

• A) $8,860 billion
• B) $15,880 billion
• C) $12,140 billion
• D) $17,360 billion

---

Definitions:

Cerebral Hemispheres

The two halves of the brain, each of which controls different functions. The right hemisphere is associated with creative and holistic thought processes, while the left hemisphere is associated with analytic and logical reasoning.

Cerebellums

The plural form of cerebellum, referring to the part of the brain at the back of the skull, which is responsible for coordinating voluntary movements.

Corpus Callosums

A broad band of nerve fibers joining the two hemispheres of the brain, facilitating communication between them.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the brain and nervous system.