If Real GDP in 2016 Using 2015 Prices Is Higher

question 240

Multiple Choice

If real GDP in 2016 using 2015 prices is higher than nominal GDP of 2016, then

• A) prices in 2016 are lower than prices in the base year.
• B) nominal GDP in 2016 equals nominal GDP in 2015.
• C) prices in 2016 are higher than prices in the base year.
• D) real GDP in 2016 is larger than real GDP in 2015.

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Definitions:

Neo-Freudian Psychologist

A psychologist who builds upon Freud's theories, incorporating social and cultural aspects into the understanding of human behavior.

Ego Development

The process of psychological growth and change that occurs over the course of an individual's life, relating to how they understand themselves and their relationships with others.

D. W. Winnicott

A British paediatrician and psychoanalyst known for his work in the field of child development and psychoanalysis, especially on the concept of the "good enough mother" and the transitional object.

Neo-Freudian Psychologist

A psychologist who builds upon Freud's ideas, incorporating social and cultural aspects into psychoanalytic theory.