(Table) According to the Table, the GDP Deflator for 2012

question 251

Multiple Choice

(Table) According to the table, the GDP deflator for 2012 is approximately: $$\begin{array} { | l | c | r | r | } \hline & \mathbf { 2 0 1 2 } & \mathbf { 2 0 1 3 } & \mathbf { 2 0 1 4 } \\\hline \text { Nominal GDP (billions of \$) } & \$ 2,291 & & \$ 8,511 \\\hline \text { Real GDP (billions of \$) } & \$ 4,500 & \$ 5,865 & \\\hline \text { GDP Deflator } & & 86.1 & 112.7 \\\hline\end{array}$$

• A) 40.9.
• B) 50.9.
• C) 60.9.
• D) 70.9.

Recognize how standardization and reliability are fundamental aspects of psychological testing.

Identify the characteristics and behaviors of creative thinkers.

Comprehend the definition and measurement of intelligence, including the concept of mental age versus chronological age.

Differentiate between various types of cognitive biases and their impact on decision-making and perception.

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Definitions:

Machine Hours

A metric used to allocate manufacturing overhead costs to individual products based on the number of hours the machines are run to produce them.

Fabrication Department

A division or unit within a manufacturing firm dedicated to the assembly or production of goods, where raw materials are transformed into finished products.

Multiple Department Rate System

An accounting system used to allocate indirect costs to individual departments based on varying rates, reflecting the different resource usage in each department.

Production Departments

Specific areas or divisions within a manufacturing facility where production activities related to goods are carried out.