Suppose Nominal GDP Was $360 Billion in 2010 and $450

question 109

Multiple Choice

Suppose nominal GDP was $360 billion in 2010 and $450 billion in 2020.The appropriate price index was 100 in 2010 and 120 in 2020.It can be concluded that between 2010 and 2020 real GDP:

• A)increased by about $15 billion.
• B)decreased by about $32 billion.
• C)increased by about $90 billion.
• D)increased by about $117 billion.

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Definitions:

Treatment Resembles

Refers to the similarity or analogy between the process of medical or therapeutic care and another process, context, or concept.

Substance-induced Disorder

A mental disorder caused directly by the physiological effects of a substance, such as drug abuse, medication, or toxin exposure.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a publication by the American Psychiatric Association that provides standardized criteria for the classification and diagnosis of mental disorders.

Criterion

A principle or standard by which something can be judged or decided.