If Nominal GDP in Some Year Is $280 and Real

question 157

Multiple Choice

If nominal GDP in some year is $280 and real GDP is $160 the GDP price index for that year is:

• A)175
• B)57
• C)160
• D)280

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Definitions:

College Students

Individuals enrolled in an institution of higher education pursuing undergraduate, postgraduate, or similar degrees.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Traditional Stereotypes

Widely held but fixed and oversimplified images or ideas of a particular type of person or thing, often based on tradition or historical conventions.

Parenting

The activity of raising and caring for children, including providing support, education, and nurturing.