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:

Corvids

A family of birds that includes ravens, crows, jays, and magpies, known for their high intelligence and complex social behaviors.

Hominins

Members of the human lineage, including modern humans, Homo sapiens, and our closest ancestors and relatives, after diverging from the lineage of chimpanzees.

Corrective Lenses

Optical appliances designed to correct or enhance vision, including glasses and contact lenses.

Human Evolution

The lengthy process of change by which people originated from apelike ancestors, involving physiological, anatomical, and behavioral adaptations.