If Real Gross Domestic Product (GDP)grew by 4 Percent and Nominal

question 64

Multiple Choice

If real gross domestic product (GDP) grew by 4 percent and nominal GDP grew by 3 percent,then the inflation rate was

• A) 1 percent.
• B) -1 percent.
• C) 7 percent.
• D) 12 percent.
• E) 0 percent.

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Definitions:

University Graduates

Individuals who have completed their degree programs at a university and have been awarded their academic degrees.

Line Managers

Supervisors directly responsible for managing employees and overseeing their immediate work activities within an organization.

Human Resources

A department within organizations responsible for overseeing the management of personnel, including hiring, training, and compliance issues.

Relevance

The degree to which something is related or useful to what is happening or being talked about.