If Real GDP Has Increased by 3 Percent and Nominal

question 3

Multiple Choice

If real GDP has increased by 3 percent and nominal GDP has increased by 5 percent, then:

• A)depreciation is 2 percent.
• B)net factor income is 2 percent.
• C)inflation is 2 percent.
• D)net exports are 2 percent.

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Definitions:

Latino Parents

Refers to mothers and fathers from Latin American backgrounds and their parenting styles, values, and cultural practices.

African American, Asian American

Terms designating Americans of African and Asian descent, respectively, recognizing their cultural, historical, and social contributions and identities.

White Parents

Parental figures identified as white, often referenced in discussions on racial identity, parenting practices, and societal influences.

Drugs Prescribed

Medications officially recommended and authorized by medical professionals for the treatment of specific health conditions.