If Nominal GDP Is $14 Trillion and Real GDP Is

question 53

Multiple Choice

If nominal GDP is $14 trillion and real GDP is $12 trillion, the GDP deflator is:

• A)86.
• B)117.
• C)112.
• D)114.

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Definitions:

Incentives

Motivators or rewards given to encourage specific actions or behaviors by individuals or groups.

Decision Maker

An individual or entity responsible for making choices, often involving the selection of strategies, policies, or solutions in personal, business, or governmental contexts.

Payday Loan

A short-term, high-interest loan, typically due on the borrower's next payday.

Incentives

Benefits, rewards, or cost-saving measures provided to encourage specific actions or behaviors from individuals or organizations.