Real GDP in 2008 Is $10 Trillion

question 343

Multiple Choice

Real GDP in 2008 is $10 trillion. Between 2008 and 2009, using 2008 prices, GDP grew 3 percent and using 2009 prices real GDP grew 7 percent. Using the chain- weighted output index method, real GDP in 2009 is trillion.

• A) $10.5
• B) $10.1
• C) $11
• D) $12.72

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Definitions:

Involuntary Bankruptcy

This is a legal process initiated by creditors against a debtor, rather than the debtor filing for bankruptcy voluntarily, forcing them into bankruptcy to satisfy debts.

Creditors

Persons or organizations that are owed money by borrowers.

Bankruptcy Proceedings

The legal process through which individuals or businesses that are unable to repay their debts can seek relief from some or all of their financial obligations.

Proof of Claim

A written statement filed by a creditor in bankruptcy proceedings detailing the claim against the debtor.