If a Small Country Has Current Nominal GDP of $40

question 76

Multiple Choice

If a small country has current nominal GDP of $40 billion and the GDP deflator is 125, what is its real GDP?

• A) $32 billion
• B) $50 billion
• C) $165 billion
• D) $5,000 billion

---

Definitions:

Risky-Shift

Refers to the phenomenon where groups tend to make riskier decisions together than individuals would on their own.

Group Polarization

The inclination of a collective to reach decisions that are significantly more radical than the initial tendencies of the individual members.

Reciprocal Helping

A social behavior where individuals help others with the expectation that these others will help in return in the future.

Life-Threatening Shock

A severe medical condition where the body is not getting enough blood flow, leading to vital organs not functioning properly, and is potentially fatal.