(Table) According to the Table, Nominal GDP for 2013 Is

question 38

Multiple Choice

(Table) According to the table, nominal GDP for 2013 is approximately: $$\begin{array} { | l | c | c | c | } \hline & \mathbf { 2 0 1 2 } & \mathbf { 2 0 1 3 } & \mathbf { 2 0 1 4 } \\\hline \text { Nominal GDP (billions of S) } & 7,280 & & 8,000 \\\hline \text { Real GDP (billions of S) } & 7,280 & 7,425 & \\\hline \text { GDP deflator } & & 103.6 & 106.1 \\\hline\end{array}$$

• A) $7,292 billion.
• B) $7,492 billion.
• C) $7,692 billion.
• D) $7,892 billion.

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Definitions:

Statement of Cash Flows

A document summarizing the comprehensive cash income from operational and external investment activities, and the cash expenditures on business operations and investments within a set period for a company.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit or loss over a specific period.

Adjusting Entry

Adjusting entries are journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period, highlighting operational performance.