If Real GDP in a Particular Year Is $80 Billion

question 185

Multiple Choice

If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the GDP price index for that year is

• A) 100.
• B) 200.
• C) 240.
• D) 300.

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Definitions:

Servant Leaders

Leaders who prioritize the needs of their team members and help them develop and perform to their highest potential.

Follower Capacities

The skills, abilities, and potential that followers bring to a group or organization, contributing to its success.

Skills Approach

A perspective on leadership that emphasizes the importance of developing specific skill sets and abilities for effective leadership.

Styles Approaches

Various methods or strategies adopted by leaders to guide, direct, and influence the work of others.