Which of the Following Is the First Step for Deriving

question 149

Multiple Choice

Which of the following is the first step for deriving real GDP from nominal GDP?

• A)Finding nominal GDP for each year
• B)Finding real GDP for each year
• C)Computing a price index
• D)Dividing each year's nominal GDP by the price year's price index

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Definitions:

Cyclopentane

A saturated hydrocarbon with the molecular formula C5H10, consisting of a ring of five carbon atoms.

Organic Products

Compounds predominately containing carbon and hydrogen, which may also include oxygen, nitrogen, and other elements, usually resulting from organic reactions.

Thermodynamic

The branch of physics that deals with the relationships and conversions between heat and other forms of energy.

Kinetic

Relating to or involving the motion of objects and the forces associated with them.