If Real GDP in 2005 Is $8,000 Billion and the Price

question 115

Multiple Choice

If real GDP in 2005 is $8,000 billion and the price level is 125,what is nominal GDP in 2005?

• A)$10,000.0 billion
• B)$9,200.5 billion
• C)$6,830.6 billion
• D)$5,000.0 billion

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Definitions:

Disadvantaged

Individuals or groups faced with social, economic, or educational barriers due to systemic inequalities.

Women of Color

refers to women who are identified as non-white, highlighting their experiences, struggles, and contributions within the contexts of race, ethnicity, and cultural identity.

Domestic Violence

A pattern of behavior in any relationship that is used to gain or maintain power and control over an intimate partner.

Scapegoating

The practice of unfairly blaming an individual or group for broader societal problems, often diverting attention from the real causes.