In One-Year Nominal GDP Was $286 Billion and the Price

question 108

Multiple Choice

In one-year nominal GDP was $286 billion and the price index was 88.Real GDP in that year was:

• A)$252 billion.
• B)$325 billion.
• C)$308 billion.
• D)$262 billion.

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Definitions:

Downward Communication

Messages sent from the upper levels of the organizational hierarchy to the lower levels.

Organizational Hierarchy

A structured arrangement in an organization that ranks positions in a linear or vertical manner, from lowest to highest, based on authority and responsibility.

Upper Levels

Refers to the senior ranks or higher echelons within an organizational hierarchy.

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said in a conversation.