Real Gross Domestic Product (GDP)can Be Calculated as

question 170

Multiple Choice

Real gross domestic product (GDP) can be calculated as

• A) (nominal GDP)* (the GDP deflator)* 100.
• B) (nominal GDP)/ (the GDP deflator)* 100.
• C) (nominal GDP)- (the GDP deflator)* 100.
• D) (the GDP deflator)/ (nominal GDP)*100.
• E) (nominal GDP)* (the long-run trend growth rate of GDP)* 100.

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Definitions:

Collateral

an asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Buyer

A person or organization that acquires goods or services from a seller in exchange for money.

Ordinary Course

Activities that are carried out in the normal and usual way of conducting business.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, normally repayment of a loan.