If GDP Grows 8% in One Year and Inflation, Measured

question 64

True/False

If GDP grows 8% in one year and inflation, measured by the GDP deflator, grows by 6% over the same time period, then the real GDP has increased.

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Definitions:

Expansion

The process of increasing in size, volume, quantity, or scope.

Very Sleepy

A state of experiencing extreme tiredness or drowsiness, often implying a need for rest or sleep.

Functioning

The action of operating or working in a proper manner; pertains to how well an individual or system performs its intended role.

Helper T-Cells

A type of white blood cell that plays a critical role in the immune system by activating and directing other immune cells.