If Nominal GDP Is $15 Trillion and Real GDP Is

question 105

Multiple Choice

If nominal GDP is $15 trillion and real GDP is $12 trillion, the GDP deflator is:

• A)75.
• B)120.
• C)125.
• D)150.

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Definitions:

Natural World

The aspects of the environment that exist independently of human activities.

Soil Fertility

the ability of soil to support plant growth by providing necessary nutrients, water, and air.

Golden Age

A period of great achievement in a society's history, marked by prosperity, cultural richness, and significant advancements.

Conservation

The protection and preservation of natural resources and the environment through careful management and sustainable practices.